The economic and financial consequences of the violence that has torn apart the social fabric of some countries in the Middle East and North Africa (MENA) are widespread and severe. Countries in the midst of active conflict have seen their GDPs fall, foreign investments decline and basic services suffer. In addition, the greatest refugee crisis since World War II accompanies other economic spillovers in neighboring nations and in Europe. As this sobering report from the International Monetary Fund portrays, these problems are likely to haunt MENA for many years. getAbstract recommends this somber analysis to anyone interested in the economic impacts of political instability and violence.
In this summary, you will learn
- How violence in the Middle East and North Africa devastates economic growth and financial stability in those regions,
- How the huge influx of refugees is affecting neighboring countries and regions, and
- Why new paths toward financing and restructuring are necessary to make recovery possible.
About the Authors
Björn Rother et al. are economists at the International Monetary Fund.