"The UN Development Programme estimates that the GDP in the region could decline by approximately 3.7 to 6 percent after a month of war, resulting in a contraction of $120bn to $194bn."
"Abdallah Al Dardari stated that 3.7 million jobs will be lost and about four million more people could fall below the poverty line, highlighting the fragility of the Arab economy."
"The report indicates that increases in poverty rates are concentrated in the Levant and fragile countries, where baseline vulnerability is highest and shocks translate more strongly into welfare losses."
The UN Development Programme reports that conflict in the Middle East could lead to a GDP decline of 3.7 to 6 percent, equating to a loss of $120bn to $194bn. An estimated 3.7 million jobs may be lost, with four million more people falling below the poverty line. The war's impact is particularly severe in fragile economies like Sudan, Yemen, and Lebanon, where existing vulnerabilities exacerbate welfare losses. The situation is worsened by rising oil prices and risks in strategic maritime corridors affecting trade and inflation.
Read at www.aljazeera.com
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