$323 bn in Arab economic losses due to Covid-19
Saturday, 05 09 2020, Category: Economy, Country: Middle East
The head of the Arab Businessmen Union, Hamdi Al-Tabba ‘, estimated that the losses of the Arab economy due to the Corona pandemic would amount to approximately $ 323 billion.
The estimates are based on a recent report by the International Monetary Fund, which also predicted a 3.3 percent contraction in the economies of the Middle East and North Africa region due to fighting the Corona virus and falling oil prices.
Al-Tabbaa affirmed in an interview with the Jordanian News Agency (Petra) that the Arab countries, whether those exporting oil or importing, were affected negatively and affected by losses and losses that were associated with the repercussions of the new Corona virus, which amounts to about 12 percent of the size of their economy.