Kapital Macro: The ceasefire in Libya will promote regional economic development

On November 27th, Jin10 Data reported that Jason Tuvey, an analyst at Capital Economics, wrote in a report that the quelling of violence in the Middle East will allow the region's economy to recover, but this largely depends on whether peace can be maintained. Tuvey said that the impact of the ceasefire on the economy depends on whether the protocol can be maintained and whether it can ease the broader tensions in the region. He added that this will also alleviate some of the pressures on Israel's own economy, but oil prices are unlikely to be greatly affected.