.- The crisis in Egypt and uncertainty about its outcome are causing shock waves in the world, with increases in fuel and food prices and fear of its spreading to their neighbors, who control much of the global supply oil. How far will the protests?, Does it disrupt oil supplies?, "Will decrease U.S.
influence will increase while that of Iran and other Islamic regimes in the region? For the moment, they are all open questions. However, there is no doubt that the crisis has created new risks for economies that have not fully recovered from the global crisis and a cloud hanging over financial markets.
If prolonged, the instability in the Middle East could threaten the recovery in the U.S. and Europe, where it remains fragile and restricted the creation of jobs and fueling inflation. ''If we can contain the unrest, mostly in Egypt, then the economic impact will be marginal which had been planned over,''said Mark Zandi, chief economist with the analysis section of the debt rating service Moody's.
''It is obvious that if the unrest spread from Egypt to other regions of the Middle East, the concern will go entirely to another level of increased uncertainty,''he said. ''This appears on my radar screen,''he said. Tension persists after more than 10 days of street demonstrations because of continuing clashes between protesters demanding the immediate departure of President Hosni Mubarak and those loyal to the ruler.
In Tunisia, similar protest days before the government brought down and spread a more moderate to Yemen and Jordan. ''The real concern, I think, is that these protests will continue indefinitely and there are no more guarantees stability in Egypt and the rest of the region,''said Shadi Hamid, a researcher in Gulf affairs at the Center Doha, Brookings economic research institute in Qatar.
''We're going to see a continued contraction of the regional economy and that, of course, will impact the U.S. economy.'' Hamid hinted that the position of President Barack Obama's first to support Mubarak and then intensify the pressures for him to leave early did not help calm the situation.
''There is the real danger of Obama remind the government as a factor of resistance to change,''he said. 
influence will increase while that of Iran and other Islamic regimes in the region? For the moment, they are all open questions. However, there is no doubt that the crisis has created new risks for economies that have not fully recovered from the global crisis and a cloud hanging over financial markets.
If prolonged, the instability in the Middle East could threaten the recovery in the U.S. and Europe, where it remains fragile and restricted the creation of jobs and fueling inflation. ''If we can contain the unrest, mostly in Egypt, then the economic impact will be marginal which had been planned over,''said Mark Zandi, chief economist with the analysis section of the debt rating service Moody's.
''It is obvious that if the unrest spread from Egypt to other regions of the Middle East, the concern will go entirely to another level of increased uncertainty,''he said. ''This appears on my radar screen,''he said. Tension persists after more than 10 days of street demonstrations because of continuing clashes between protesters demanding the immediate departure of President Hosni Mubarak and those loyal to the ruler.
In Tunisia, similar protest days before the government brought down and spread a more moderate to Yemen and Jordan. ''The real concern, I think, is that these protests will continue indefinitely and there are no more guarantees stability in Egypt and the rest of the region,''said Shadi Hamid, a researcher in Gulf affairs at the Center Doha, Brookings economic research institute in Qatar.
''We're going to see a continued contraction of the regional economy and that, of course, will impact the U.S. economy.'' Hamid hinted that the position of President Barack Obama's first to support Mubarak and then intensify the pressures for him to leave early did not help calm the situation.
''There is the real danger of Obama remind the government as a factor of resistance to change,''he said.
No comments:
Post a Comment