Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Syrian workers force unemployment to rise in Lebanon - UN-ESCWA  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 25/01/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Kuwait News Agency (KUNA)) The growing number of Syrian workers in Lebanon has force unemployment to rise in the country specially among youth, a UN Economic and Social Commission for Western Asia (UN-ESCWA) official said Friday.

Abdullah Dardari, Director of Economic Development and Globalization Department, said the Syrian workers triggered an increase of the already high unemployment rate among the Lebanese people because the Syrians were cheap laborers.

He was speaking at a news conference held at the UN House in Beirut to discuss a report about the economic projections in the world for 2014.

Dardari said the Gross Domestic Product (GDP) in the area has increased because of the rising prices of oil coupled with improvement of economies of the Arab Gulf countries.

The report expected the GDP to grow by 3.9 percent in Jordan and 2.4 percent in Lebanon.

However Dardari said the figures should be examined cautiously because the number of expatriates rose by 15 percent in Jordan and by 25 percent in Lebanon.

The World Bank said the Lebanese economy has suffered nearly USD 7.5 billion in losses due to the Syrian conflict that started in 2011, which would result in sending around 170,000 Lebanese people to live below the poverty line as well as pushing unemployment to over 20 percent.

Meanwhile, UN-ESCWA Economic Advisor Sandra Saghir Syria has lost 37 years of development because of the bloody conflict, which killed up to 140,000 people and displaced millions others.

Syria is losing USD 109 million of its GDP in everyday of the conflict, which further complicated the reconstruction, she said.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help