Arab Today, arab today report syrian economy has shrunk by 20 this year
Last Updated : GMT 12:43:40
Arab Today, arab today
Arab Today, arab today

Foreign reserves could run out by 2013

Report: Syrian economy has shrunk by 20% this year

Arab Today, arab today

Arab Today, arab today Report: Syrian economy has shrunk by 20% this year

Syrian finance ministry is confident GDP figures will be positive
London - Umar Farooq

Syrian finance ministry is confident GDP figures will be positive Syria\'s economy has shrunk by 20 percent in 2012, according to the US-based Institute for International Finance. The decline is down to several key factors, with IIF stressing upon civil war as being the main component. The organisation adds that Syria\'s foreign reserves could be spent by the end of next year, because President Bashar al-Assad\'s government has spent billions of dollars in reserve on wages and fuel subsidies.
Since March 2011, the rate of inflation has risen to 40 percent, and the external pressure on President Assad to step down has increased.
Garbis Iradian, deputy director of the IIF\'s Africa and Middle East department said, \"The sanctions by the Arab League introduced in late 2011 and the September 2011 US and EU sanctions have meant more economic hardships for 2012 and 2013.\"
The war in Syria has affected neighbouring countries, with refugees fleeing to Turkey, Lebanon, Jordan and Iraq. Figures show a dip in recovery of the Lebanese economy, with forecasters predicting a 0.6 percent growth in 2012, compared to 1.8 percent in 2011.
\"The deepening conflict in Syria continues to pose a threat to Lebanon\'s political order and economic stability,\" Iradian added.
The Syrian government is yet to release economic forecasts for 2012, but the finance ministry is confident that GDP figures will be positive.
 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today report syrian economy has shrunk by 20 this year Arab Today, arab today report syrian economy has shrunk by 20 this year

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today report syrian economy has shrunk by 20 this year Arab Today, arab today report syrian economy has shrunk by 20 this year

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday