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BREAKING
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

Arab region registers world’s highest unemployment rate: UN

  • By Al Mayadeen English
  • Source: United Nations
  • 1 Jan 2023 14:55
2 Min Read

Like much of the world, poverty has increased along national lines, affecting 130 million people in Arab countries, as per ESCWA.

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  • A Syrian refugee child holds a bread at a camp for refugees. (AFP)
    A Syrian refugee child holds a bread at a camp for refugees. (AFP)

A survey released by the UN Economic and Social Commission for Western Asia (ESCWA) has said that the Arab region registered a 12 percent unemployment rate in 2022-- the highest in the world.

Meanwhile, according to the Survey, poverty has increased along national lines, affecting 130 million people in Arab countries.

More than one-third of the region's population is affected, excluding Libya and Gulf Cooperation Council members, the report highlighted.

Furthermore, poverty is anticipated to climb during the next two years, reaching 36% of the population in 2024.

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Despite the disruptions caused by the COVID-19 epidemic and the war in Ukraine, the survey predicted 3.4 percent growth in the Arab region next year.

While inflation rates rose to 14% this year, they are expected to fall to 8% and 4.5% in the next two years, respectively, as per the report.

Despite the region's favorable development prognosis, Ahmed Moummi, the survey's principal author, alluded to major disparities among countries, which were worsened by the war in Ukraine.

Moummi has also noted that Gulf Cooperation Council countries and other oil-exporting countries will continue to benefit from increased energy costs, taking into consideration that the repercussions are not the same for all Arab countries.

“The current situation presents an opportunity for oil-exporting Arab countries to diversify their economies away from the energy sector by accumulating reserves and investing in projects that generate inclusive growth and sustainable development”, Moummi highlighted.

  • Unemployment
  • unemployment rate
  • Poverty
  • Arab region
  • West Asia

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