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Middle East Risks More Unrest, Needs to Address Jobs, IIF Says

Countries in the Middle East and North Africa, where popular uprisings led to political changes, face the risk of renewed turmoil if governments fail to take the measures to help create jobs, a banking industry group said.

“Among the populations of countries such as Egypt, Tunisia, Jordan and Morocco, expectations are that change will bring about a revival of growth that will be more widely shared, improved job opportunities and, in general, a better life,” the Washington-based Institute of International Finance said in a report on the region released today. “There is a real risk of a second wave of protests if the prospects for improvement in living conditions remain dim.”