Arab countries may lose about 200 billion dollars due to the conflict in the Middle East, which will seriously affect the economic growth of the region, reports Bloomberg, referring to the report of the United Nations Development Program (UNDP).
"A short-term military escalation in the Middle East can lead to deep and large-scale socio-economic consequences for all Arab states," experts believe. They estimate that unemployment in the region could increase by up to four percentage points, which would lead to the loss of about 3.6 million jobs and push about 4 million people into poverty.
According to their calculations, the countries of the Persian Gulf Cooperation Council (PCC) - Bahrain, Qatar, Kuwait, UAE, Oman and Saudi Arabia - will lose more than 5.2% of their GDP.
