REGIONAL
 
Economic Downturn Forecast For Arab Spring Countries
 
Severe social unrest similar to that experienced in the Arab Countries in Transition (ACTs) tends to be “accompanied by a sharp deterioration in macroeconomic outcomes,” argue Padamja Khandelwal and Agustin Roitman in an IMF working paper published in March 2013 entitled ‘The Economics of Political Transitions: Implications for the Arab Spring’. The paper, which reflects the...