Syria’s Economic Woes

Syria’s economy is starting to feel the pressure of eight months of violence in which an estimated 3000 people have died and thousands more have been injured. A recent Geopolity report suggests public expenditure in 2011 has already increased by 18.9 billion US dollars, attributed to increasing military costs, while public revenue has decreased by 2.31 billion dollars, giving a total cost to public finances of 21.2 billion dollars. Cargo volumes passing through Syrian ports declined by 35-...

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