{"id":597782,"date":"2019-05-05T04:01:26","date_gmt":"2019-05-05T04:01:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/rising-living-costs-unemployment-biggest-concerns-for-young-arabs\/"},"modified":"2019-05-05T04:01:26","modified_gmt":"2019-05-05T04:01:26","slug":"rising-living-costs-unemployment-biggest-concerns-for-young-arabs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/rising-living-costs-unemployment-biggest-concerns-for-young-arabs\/","title":{"rendered":"Rising living costs, unemployment biggest concerns for young Arabs"},"content":{"rendered":"

Rising living costs, unemployment biggest concerns for Arab youth:<\/b> Economic pressure including higher cost of living and unemployment are the biggest concerns for young Arabs, according to the 2019 ASBA\u2019A BCW Arab Youth Survey<\/a>. Of the 3,300 18-24 year-olds surveyed across the region, 56% cited rising living costs as the biggest concern, while 45% pointed to unemployment and 31% cited slow economic growth.<\/p>\n

Three-quarters of those surveyed in North Africa want the government to do more <\/b>to bolster the economy, compared to only 39% in GCC states. The majority were in agreement that their governments have a responsibility to provide safety, education, healthcare, energy subsidies, jobs and housing to all citizens.<\/p>\n

But reliance on the public sector for employment is not solving the problem,<\/b> the IMF\u2019s Jihad Azour writes in the report. An estimated 2.8 mn young people will join the workforce every year in the next 10 years, and yet unemployment remains extremely high (exceeding 30% in several countries). Looking to the public sector as source of jobs compounds the problem, undercutting education reform and the growth of the private sector, he says.<\/p>\n

You can read the full <\/b>report here (pdf)<\/b><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rising living costs, unemployment biggest concerns for Arab youth: Economic pressure including higher cost of living and unemployment are the biggest concerns for young Arabs, according to the 2019 ASBA\u2019A BCW Arab Youth Survey. Of the 3,300 18-24 year-olds surveyed across the region, 56% cited rising living costs as the biggest concern, while 45% pointed […]<\/p>\n","protected":false},"author":1,"featured_media":597783,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11200,104,928,72,345,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-asdaa-arab-youth-survey-2019","tag-economy","tag-employment","tag-enterpriseam","tag-mena","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2a6a6f1b-c572-481b-bceb-8f3e17e37eb5","is_powered_by":true,"section_story_id":"18178d91-8955-4baa-a3cf-7b625ed68611","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/5\/1017.jpg","photo_position":"above","related_issue":[597762],"teaser":"","voice_url":""},"yoast_head":"\nRising living costs, unemployment biggest concerns for young Arabs - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/rising-living-costs-unemployment-biggest-concerns-for-young-arabs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising living costs, unemployment biggest concerns for young Arabs\" \/>\n<meta property=\"og:description\" content=\"Rising living costs, unemployment biggest concerns for Arab youth: Economic pressure including higher cost of living and unemployment are the biggest concerns for young Arabs, according to the 2019 ASBA\u2019A BCW Arab Youth Survey. 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The report praises economic reforms for driving higher export volumes and making Egypt a top recipient of FDI in the Arab\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645358,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/african-development-fund-arab-monetary-fund-world-bank-to-help-finance-egypts-youth-unemployment-program\/","url_meta":{"origin":597782,"position":1},"title":"African Development Fund, Arab Monetary Fund, World Bank to help finance Egypt\u2019s youth unemployment program","author":"enterpriseam admin","date":"18 July 2017","format":false,"excerpt":"Egypt\u2019s new youth unemployment program will be funded through grants from the African Development Fund, the Arab Monetary Fund, and a World Bank initiative geared towards supporting women, Investment and International Cooperation Minister Sahar Nasr tells Ahram Gate. 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Some 37.7% of unemployed young people hold university degrees. Those aged 19-29 make up 23.6% of the population. Egypt\u2019s overall unemployment rate for 1Q2017 stood at 12%.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630284,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/17\/unemployment-rate-down-to-11-8\/","url_meta":{"origin":597782,"position":4},"title":"Unemployment rate down to 11.8%","author":"enterpriseam admin","date":"17 April 2018","format":false,"excerpt":"The unemployment rate dropped to 11.8% at the end of 2017 from 12.5% a year earlier, CAPMAS\u2019 quarterly report showed. 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