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Arab World Faces ‘Profound’ Economic Crisis From Iran War, U.N. Agency Warns

NYTimes.com Original article ›
LyrArc Article Gist
Dependency on wealthy Arab countries for help is common for some countries including Egypt, Jordan and Iraq. Now there is reconstruction help needed in Lebanon, and in Syria and Gaza with years of bombing and conflict. Egypt is the largest country with 120 million people and it faces a strain on its budget and strain on its finances. Egypt will have to reschedule large debt borrowings and payments. Syria and Lebanon will get less help for reconstruction. The wars of the Middle East hurt the US and Russia and were an unneeded distraction for Europe. Now they are coming back to hurt the very countries and people who in pursuit of different ideologies and religious beliefs engaged in incessant wars and conflicts.



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