| Economy | Syria |
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Economy - overview:
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After modest economic reform in recent years, Syria's economy suffered the effects of political unrest and violence in 2011. Economic growth slowed because of international sanctions and reduced domestic consumption and production. Prior to the unrest, Damascus had cut lending interest rates, opened private banks, consolidated multiple exchange rates, raised prices on some subsidized items, and established the Damascus Stock Exchange, which began operations in 2009. The economy remains highly regulated by the government, which has increased subsidies and tightened trade controls to assuage protesters and protect foreign currency reserves. Long-run economic constraints include foreign trade barriers, declining oil production, high unemployment, rising budget deficits, and increasing pressure on water supplies caused by heavy use in agriculture, rapid population growth, industrial expansion, and water pollution. |
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| Economy | Syria |
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This page was last updated on 5 February, 2012 |
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