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Study: US and UN restrictions mainly affect poor people in sanctioned countries KXan 36 Daily News

Date: February 26, 2024 Time: 21:16:31

The UN sanctions lead to a decrease in growth rates of two percentage points per year in the affected countries, the well-known Munich Institute for Economic Research (Ifo) reported the results of its study. Translated over ten years, this corresponds to a 25 percent decline in per capita economic output. Unilateral US sanctions lead to an annual decline in GDP in these countries of almost one percentage point. In the long run, this corresponds to a 13 percent decline in per capita economic output.

“Economic sanctions regularly hit the population of countries that are subject to sanctions the hardest, who live in or near poverty,” said Florian Neumeier, head of Ifo’s fiscal and financial policy research group. Studies have shown, for example, that the US sanctions imposed on Iran in 2012 have particularly affected “a young and uneducated population in rural areas.” The study is based on estimates of data from 160 countries. Of these, 67 were affected by US and UN economic sanctions between 1976 and 2012.

In the poorest countries, sanctions also reduce life expectancy. Such UN measures reduce the life expectancy of the population by an average of 1.2 to 1.4 years, the institute said. In the case of US sanctions, life expectancy will be reduced by almost half a year. “The difference between the life expectancy of men and women also shows that women are more affected by the imposition of sanctions,” Neumeier said.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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