VOL. XXXIII

NO. 47

27-AUGUST-1990

Financial and Banking News

Gulf Crisis

Middle East Faces Up to Economic Consequences of Gulf Crisis

The most serious economic consequences of the present crisis are likely to befelt by countries such as Jordan, Egypt and Turkey, which are outside theimmediate area of conflict but whose economies are ill-equipped to withstandreductions in budgeted income. The only beneficiary of the crisis, in economicterms, could be Syria, since it had little exposure to Iraq...