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Economy in Syria

  • When Will the Middle East Settle Down?

    AFGHANISTAN, 2015/06/08 Sigmund Freud suggested that psychoanalysis could convert one’s neurotic misery to everyday unhappiness. Leaping to geopolitics from psychoanalysis leads to the question of at the same time as the Middle East will be converted from massive chaos to everyday turmoil. Thinking about that reminds me of one of my favorite New Yorker cartoons. An significant executive is sitting at his mammoth desk and barking into the phone, “How about at no time? Is at no time any minute at this time enough?” Is “at no time” at the same time as the Middle East settles down? In the case of the Middle East, at no time is probably too long a time. But don’t expect any return to conventional states and normal inter-national relations for the next two decades at the earliest. Additional likely, it will be closer to fifty years.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Syrian economy faces implosion

    SYRIA, 2012/12/12 Sanctions on Syria from the Arab League, the EU and the US threaten to cripple a domestic economy Bashar Al Assad's government had ushered into increase over the past six years as the country positioned itself as increasingly open to foreign investment. Activity in sectors including finance, energy, tourism and construction has ground to a virtual halt since unrest erupted in March. Analysts say the path of liberalisation and open trade Syria pursued has only made its US$59 billion (Dh216.71bn) economy extra vulnerable to sanctions.

  • Syria economy crumbles into disjointed patchwork

    SYRIA, 2012/12/12 The Syrian economy has crumbled into a disjointed patchwork as civil war rages in the country, forcing some people to subsist through looting while others collect ransoms and civil servants continue to pay taxes and receive national salaries. "Twenty-one months into the revolt -- with large swathes of territory slipping from government control -- we can no longer speak of just one Syrian economy," said Jihad Yazigi, director of the Syria Statement economic website. "Now we have a mosaic of economies."
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