In its quarterly economic survey, the International Monetary Fund (IMF) points out that the three countries that have deposed their rulers - Tunisia, Egypt, and Libya - will face an economic slowdown in 2011 and perhaps through 2012.
In Tunisia, the gross domestic product (GDP) will register no growth in 2011, compared with growth of 3.1% the year before. In the case of Egypt, GDP will grow by 1.2% compared with 5.1% in 2010. The prospects for oil-rich Libya are not promising.
The IMF writes that social turmoil has caused a sharp decline in tourism to Egypt, Jordan, Lebanon, Syria and Tunisia during the first five months of the year.
By contrast, the oil-rich Gulf countries which have not been affected by political turmoil are likely to register economic growth of about 7% this year.
Source: Al-Sharq Al-Awsat, London, October 27, 2011