16-22 January 2013
Director of ESCWA Economic Development and Globalization Division and Chief Economist Abdallah AlDardari, said that the economic situation of the Arab region can be characterized by its polarizing economic performance between major energy exporters and other Arab countries. Major energy exporters, mainly of Gulf Cooperation Council (GCC) countries, have registered a stable growth with constantly growing domestic demand through active fiscal policy. On the other hand, political instability and social unrest clouded economic situation of other Arab countries, namely Mashreq, Maghreb and Arab Least Developed Countries.
