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Arab Spring to cost Middle East $800 billion

Business Desk |
Update: 2013-10-09 13:33:22

DHAKA: The Arab Spring uprisings will end up costing Middle Eastern economies about $800 billion in lost output by the end of next year as countries struggle to restore stability.

Banking giant HSBC estimated on Wednesday, reports The Jerusalem Post.

In a research report, HSBC predicted that at the end of 2014, gross domestic product in the seven hardest-hit countries, Egypt, Tunisia, Libya, Syria, Jordan, Lebanon and Bahrain, would be 35 percent lower than it would have been if the 2011 uprisings had not happened.

BDST: 2332 HRS, OCT 09, 2013
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