CONFLICT AFFECTING ECONOMIES
Armed conflicts in the Middle East and North Africa are not only devastating the economies gripped by fighting, but are sapping growth in neighbouring countries and those hosting millions of refugees, said the International Monetary Fund last month.
In a new study analysing 179 conflict countries since 1970 to quantify economic costs, the IMF found that the drop in economic output in war-torn Syria, Libya and Yemen in recent years has far exceeded the worldwide average. After five years of war, Syria's gross domestic product is less than half its pre-conflict level in 2010, while Yemen lost 25% to 35% of its GDP in 2015 alone. Oil-dependent Libya saw its GDP fall 24% in 2014, said the IMF.