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Tuesday, 28 June 2016

Arab Spring makes region $225 bln poorer

The price of change

Ousting dictators doesn’t come cheap. In 2010, the IMF forecast total 2011-2015 GDP in Egypt, Libya and Tunisia at $2.2 trn. That figure is now 10 pct lower. The hope is that less wealth will be more evenly spread. The fear is that new governments will be less growth-friendly.

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