• Breaking News

    Saturday, November 12, 2016

    Arab Spring Uprisings Cost More than $600 Billion, U.N. says

    Tobapos -- The uprisings that became known as the Arab Spring were sparked in December 2010, when a young Tunisian fruit seller set himself on fire in response to harassment from police officers. Within months, huge protests had spread throughout the Arab world, taking down autocratic governments in four countries, but also sparking horrific civil wars and giving fuel to religious and sectarian extremism in the region.

    Now a new report from the United Nations suggests that the turmoil in the years since 2010 has left a heavy economic imprint in the Arab region — in particular, leading to a net loss of $613.8 billion in economic activity, or around 6 percent of GDP from 2011 to 2015, The Salt Lake Tribune reported.

    The lengthy report, published by the United Nations Economic and Social Commission for Western Asia (ESCWA) on Thursday, used estimates of growth made before 2011 to help understand this loss. It is the first report of its kind to be made by a major economic body, and while it only focuses on the economic situation, it provides a rare quantification of the cost of the Arab Spring for the region's inhabitants.  (adm)

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