According to a United Nations survey, the unemployment rate in the Arab region was recorded at 12 percent during the year 2022, which is the highest in the world. The ‘Economic and Social Development Survey’ in Arab countries indicates a very slight decrease in economic recovery efforts after Corona next year (up to 11.7 percent). The Arab region…
These prospects face several risks and uncertainties, including a new wave of corona, the war in Ukraine and increased sanctions on the Russian government.
In addition, there are risks of economic collapse, conflict and political instability due to social and economic instability in most of the Arab countries.
The survey warned that the poverty level in the Arab countries is likely to increase in the next two years, which may reach 36 percent in 2024.
A survey conducted by the United Nations Economic and Social Commission for Western Asia (ESCWA) indicated that the poverty line has also increased manifold, affecting 130 million people in Arab countries. happened
The United Nations agency has warned that more than one-third of the population in the region, apart from Libya and the Gulf Cooperation Council countries, is suffering from poverty.
There is also good news in the survey, where despite the obstacles caused by the war in Ukraine and Corona, the survey said that the Arab region is likely to have a growth rate of 3.4 percent by next year, while the inflation rate this year was 14 percent. Which is expected to come to 8 and 4.5 percent respectively in the next two years.
The survey further noted that the impact was not uniform across Arab states, with the Gulf Cooperation Council countries and other oil exporting countries likely to continue to benefit from higher energy prices in the future.
At the same time, oil-importing countries will face social and economic challenges, including rising energy prices, food shortages, reduced tourism and international aid inflows.
#Rising #unemployment #Arab #countries
2024-09-08 22:58:25
Table of Contents
The Arab Region’s Labor Market: Challenges and Projections
The Arab region has been grappling with a plethora of challenges affecting its labor market, including demographic trends, natural resource constraints, and protracted conflicts since 2011 [[1]]. Recent surveys and reports have painted a grim picture of the region’s unemployment situation, with the International Labour Organization (ILO) forecasting a persistent high unemployment rate of 9.8% in 2024, exceeding pre-pandemic figures [[2]]. This is particularly concerning, given that the region’s unemployment rate was already recorded at 12% in 2022, the highest in the world.
Youth unemployment is a significant concern, with a staggering rate of 25% in the Arab world, among the highest globally [[3]]. This phenomenon is set to have long-term consequences on the region’s economic growth, social stability, and human development.
The “Economic and Social Development Survey” in Arab countries warns of several risks and uncertainties that may hinder economic recovery efforts, including a new wave of COVID-19, the war in Ukraine, and increased sanctions on the Russian government. These factors are likely to exacerbate social and economic instability in many Arab countries, leading to economic collapse, conflict, and political instability.
Poverty levels in the Arab region are also expected to rise, with the United Nations Economic and Social Commission for Western Asia (ESCWA) predicting a poverty rate of 36% in 2024. This alarming trend is already affecting 130 million people in Arab countries, with more than one-third of the population, excluding Libya and the Gulf Cooperation Council countries, struggling to make ends meet.
Despite these challenges, there are some positive signs. The Arab region is projected to experience a growth rate of 3.4% in 2024, while the inflation rate this year was 14%. This growth, however, is fragile and may be hindered by the aforementioned risks and uncertainties.
the Arab region’s labor market faces significant challenges, including high unemployment rates, youth unemployment, and rising poverty levels. To address these issues, policymakers and stakeholders must work together to implement sustainable economic development strategies, promote job creation, and invest in human capital. By doing so, the region can mitigate the risks of economic collapse, conflict, and political instability, and create a more prosperous future for its citizens.
Keyword Optimization:
Arab region labor market
Unemployment rate in Arab countries
Youth unemployment in the Arab world
Poverty levels in Arab countries
Economic growth in the Arab region
Inflation rate in Arab countries
job creation in Arab region
Human capital development in Arab countries
The Arab Region’s Labor Market: Challenges and Projections
The Arab region has been grappling with a plethora of challenges affecting its labor market, including demographic trends, natural resource constraints, and protracted conflicts since 2011 [[1]]. Recent surveys and reports have painted a grim picture of the region’s unemployment situation, with the International Labour Organization (ILO) forecasting a persistent high unemployment rate of 9.8% in 2024, exceeding pre-pandemic figures [[2]]. This is particularly concerning, given that the region’s unemployment rate was already recorded at 12% in 2022, the highest in the world.
Youth unemployment is a significant concern, with a staggering rate of 25% in the Arab world, among the highest globally [[3]]. This phenomenon is set to have long-term consequences on the region’s economic growth, social stability, and human development.
The “Economic and Social Development Survey” in Arab countries warns of several risks and uncertainties that may hinder economic recovery efforts, including a new wave of COVID-19, the war in Ukraine, and increased sanctions on the Russian government. These factors are likely to exacerbate social and economic instability in many Arab countries, leading to economic collapse, conflict, and political instability.
Poverty levels in the Arab region are also expected to rise, with the United Nations Economic and Social Commission for Western Asia (ESCWA) predicting a poverty rate of 36% in 2024. This alarming trend is already affecting 130 million people in Arab countries, with more than one-third of the population, excluding Libya and the Gulf Cooperation Council countries, struggling to make ends meet.
Despite these challenges, there are some positive signs. The Arab region is projected to experience a growth rate of 3.4% in 2024, while the inflation rate this year was 14%. This growth, however, is fragile and may be hindered by the aforementioned risks and uncertainties.
The Arab region’s labor market faces significant challenges, including high unemployment rates, youth unemployment, and rising poverty levels. To address these issues, policymakers and stakeholders must work together to implement sustainable economic development strategies, promote job creation, and invest in human capital. By doing so, the region can mitigate the negative impacts of these challenges and create a more stable and prosperous future for its citizens.
References:
[1] Arab Development Portal. (n.d.). Labor and Employment. Retrieved from
[2] Trading Economics. (n.d.). United Arab Emirates Unemployment Rate. Retrieved from
[3] The Media Line. (2024). ILO Forecasts Persistent High Unemployment in Arab Region Through 2024. Retrieved from
Keywords: Arab region, labor market, unemployment, youth unemployment, poverty, economic growth, social stability, human development.
Meta Description: The Arab region’s labor market faces significant challenges, including high unemployment rates, youth unemployment, and rising poverty levels. This article explores the latest trends and projections, and discusses the importance of sustainable economic development strategies to address these issues.