The crisis in the Middle East could cost 14 million full-time equivalent jobs this year if the price of a barrel of oil exceeds the average for the start of the year by 50%.
The crisis in the Middle East could cost 14 million jobs
Keystone-SDA
The crisis in the Middle East could cost 14 million full-time equivalent jobs this year if the price of a barrel of oil exceeds the average for the start of the year by 50%. The figure would rise to 38 million by 2027, according to the International Labour Organization (ILO) in Geneva.
This content was published on
May 18, 2026 - 11:56
The overall losses could push the regional unemployment rate up by as much as four percentage points, costing some 3.6 million…
Global oil and gas prices have spiked as the conflict in the Middle East halts energy exports from the region. Nosheen Iqbal…
La organización internacional sitúa el mayor impacto en los Países Árabes y en la zona de Asia y Pacífico, aunque advierte de…
Global companies are raising prices, cutting production and preserving cash as the Iran war drives oil and gas costs sharply…
With oil prices soaring and stock markets falling, economists warn that a prolonged conflict in the Middle East risks knocking…
According to the IMF's report, regional growth is expected to decline by 0.3 percentage points, and some 20 million people in…
