'Arab Spring' puts the focus on near-term divergence

It is becoming clear that one year on from the start of the ‘Arab Spring’ several countries in the Middle East and North Africa (MENA) region are facing difficult transitions. Most of these are in resource-poor parts of the region, namely Egypt, Tunisia and Syria. At best, growth will disappoint popular expectations, but at worst some countries, notably Egypt, are now at risk of full-blown economic crises.

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