Oppressed Peoples Online Word...The Voice Of The Voiceless

Dedicated to disseminating news & information not found in mainstream media....

WASHINGTON - Joblessness in the Arab world is an "increasingly urgent" issue, the International Monetary Fund said

Ticking time-bomb

IMF spokesman warns economic pressure is building in Arab world a week after uprising in Tunisia.

 

 

 Thursday, a week after an uprising overthrew Tunisian leader Zine El Abidine Ben Ali.

"We do see economic pressure building in the region," said David Hawley, an IMF spokesman. "Addressing the question of high unemployment is a longstanding but increasingly urgent economic challenge."

"While the region's oil importing countries have only seen a relatively mild slowdown in growth last year, to the equivalent of about four and a half percent, this growth rate is below the level required to create sufficient jobs to absorb new entrants to the labor market and thus bring about a decline in chronically high unemployment in the region," he said.

The comments came after a Tunisian revolt which ended the 23 year old rule of Ben Ali, who fled Tunisia for Saudi Arabia last Friday.

Hawley said the economic impact of the revolt was being felt.

"It is too early for a firm assessment of the economic impact of the current unrest," he told reporters.

"But it is clear that it has led to a decline in economic activity."

He cited the country's interior minister as saying the violence of the recent weeks may have resulted in a slowdown equivalent of 4.5 percent of GDP.

The IMF had long stressed the high level of Tunisian unemployment, 14 percent for the general population but double that for those under 25, as a major problem for the country.

Views: 29

Comment

You need to be a member of Oppressed Peoples Online Word...The Voice Of The Voiceless to add comments!

Join Oppressed Peoples Online Word...The Voice Of The Voiceless

Forum

Allah's Guidance!

 As salaam alaikum, I'd like to find a solution to the problem of under-funded, poorly staffed Islamic schools. Even the ones in beautiful buildings with under-qualified faculties, and unprofessional…Continue

Started by Al Haj Karriem el-Amin Shabazz in Sample Title Jun 27.

Allah's Guidance!

What Allah says about Racism!This is meant to impress that in the universe created by Allah nowhere is there homogeneity and uniformity. There is variety everywhere. From the same earth and by the…Continue

Started by Al Haj Karriem el-Amin Shabazz in Sample Title Jun 27.

Allah's Guidance!

Allah says in surah15 (Al-Hijr): ayat 28, "And (recall the time) when your Lord said to the angels, ‘I am, indeed, going to create a human being from dry ringing clay (formed) from black mud, molded…Continue

Started by Al Haj Karriem el-Amin Shabazz in Sample Title Jun 18.

Allah's Guidance!

What Allah says about Racism! Allah says: “Behold! We have created day and night as two signs. We have deprived the sign of night of light and made the sign of day bright to enable you to seek the…Continue

Started by Al Haj Karriem el-Amin Shabazz in Sample Title May 29.

Badge

Loading…

Groups

© 2020   Created by Bilal Mahmud المكافح المخلص.   Powered by

Badges  |  Report an Issue  |  Terms of Service