The U.S. and Israeli war against Iran could wipe out nearly $200 billion worth of economic growth across the Middle East, a new United Nations study found.
Arab nations stand to lose between $120 billion and $194 billion from gross domestic product as a result of disruptions from the war, according to an analysis by the U.N. Development Program of the economic and social consequences for Arab states, which was released early Tuesday.
The agency said it had studied a number of different scenarios to determine how the conflict, which began on Feb. 28, might affect countries in the region. The report¡¯s authors indicated that the damage could be profound, even if the war ends relatively soon. ¡°A short-lived military escalation in the Middle East could generate profound and widespread socio-economic impacts across the Arab States region,¡± they said.
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