Middle East Economic Survey

VOL. LIV

No 21

23-May-2011

REGIONAL

Deloitte: Continuing Regional Tensions Could Derail Global Economy

In the current historical period of transition for a number of countries in the Middle East both the magnitude of the ongoing protests and the fear of a contagion could translate into a large spike in oil prices that could derail the global economy, Deloitte said in its Global Economic Outlook for 2Q11. While the firm admits that the likelihood of a double-dip...