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The Arab Revolutions Will Have An Economic Impact On International Trade, The Export Import Industry

The Arab Revolutions Will Have An Economic Impact On International Trade, Export Import Industry. The "Arab spring" will be expensive. The economies of the countries of the Middle East, Maghreb will seriously slow down or even contract this year.

 
PRLog - Nov. 1, 2011 - LOS ANGELES, Calif. -- The Arab Revolutions Will Have A Heavy Economic Impact On International Trade And The Export Import Industry by www.tradeintelligency.com




The "Arab spring" will be expensive. The economies of the countries of the Middle East and Maghreb where peoples rebelled  will seriously slow down or even contract this year.


The main affected country is  Libya. War with colonel Gaddafi has led to a  total shutdown of oil production. However, the hydrocarbons represent 95% of its exports, and 70% of its gross domestic product (GDP). Consequently, the Libyan economy expected to contract by more than 50% in 2011.


Tunisia and Egypt, where the regimes in power have  been overthrown will be heavily affected by the fall of tourist flows and foreign investment. Tunisian growth is expected to be sluggish this yea. The Egyptian economy which progressed over the past decade of 4 to 7% per year should advance only 1.2%.


Two other countries where people tried to rebell are threatened with recession. Syria, the GDP should fall back to 2% this year. In Yemen, the decline in activity should be of 2.5% in 2011 and 0.5% in 2012

These predicted recessions in these countries will have definitely an impact on international trade and on the import and export industriy.


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Tor-Leif Walker

torleif.walker@neuf.fr

www.tradeintelligency.com

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