Iran war may cost Arab countries up to $200 billion, says UN
Arab countries could suffer staggering losses of up to $200 billion due to the Iran conflict, according to a new United Nations study.
The US-Israel war against Iran could cost Arab states between $120 billion to $194 billion in economic losses, new estimates by the United Nations Development Programme (UNDP) suggest.
Military escalation could wipe out between 3.7%-6% of the region’s collective gross domestic product (GDP). Coupled with an estimated loss of 3.6 million jobs - exceeding the ones created in the region last year - the reversal will cast up to 4 million people into poverty.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Salaam Gateway