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Article

4 Feb 2012

Author:
Economist [UK]

Unfinished business - Revolutions have hurt the wallets of bosses and workers alike [Middle East]

Whatever its political triumphs, the revolution he [fruit seller Muhammad Bouazizi] sparked has caused an economic downturn. Tunisia saw its GDP growth in 2011 go from 3% to 0%, according to the IMF—the Tunisian government says the economy actually contracted by 1.8%. Egypt saw a decline from 5% to 1%. Libya’s economy is thought to have contracted by more than 50% after its six-month civil war paralysed the oil industry...[refers to Eni, Yazaki]