It has been two years since a revolutionary wave of mass demonstrations, protests and clashes spread across the Arab world. The resulting political upheaval, which swept across North Africa as well as the Middle East, became known as the “Arab Spring”. Authors Oliver Masetti, Kevin Körner, Magdalena Forster and Jacob Friedman of Deutsche Bank examine the political and economic consequences of the uprising on those affected countries. They also assess the challenges facing the Arab world such as dealing with high unemployment, particularly amongst the young, and reforming subsidy regimes. Furthermore, the authors outline opportunities for the region in the form of enhancing intra-regional trade and establishing closer trade ties with other emerging markets.
This article was featured in a recent issue of Current Economics. You can download a sample at www.consensuseconomics.com.