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Country Highlights

Syria & its Economy: Impact of Ongoing Conflict

The ongoing conflict in Syria has had a profound impact on the country’s economy, leading to widespread devastation and hindering economic growth. The conflict has resulted in significant damage to infrastructure, loss of human capital, and disruption of trade and investment, all of which have contributed to a sharp decline in economic output. The economy of Syria, once a vibrant and diverse market, has been severely affected by the conflict, with key sectors such as – agriculture, manufacturing and tourism experiencing substantial setbacks.

  1. Economic Contraction and Decline in GDP The conflict has led to a sharp contraction in Syria’s economy, with the country’s GDP plummeting to unprecedented lows. The destruction of infrastructure, including roads, bridges and power plants which has severely hampered economic activity, leading to a decline in production and output across various sectors. The focus keyword for this section is “economic contraction.”
  2. Humanitarian Crisis and Displacement The conflict has triggered a humanitarian crisis, resulting in widespread displacement of the population and a surge in poverty levels. The displacement of skilled labor and professionals has further exacerbated the economic challenges faced by the country, leading to a shortage of skilled workforce and hindering the recovery of key industries. The focus keyword for this section is “humanitarian crisis.”
  3. Trade Disruption and Economic Isolation The conflict has led to a disruption in trade and investment that isolates Syria from the global economy and hinders its ability to attract foreign investment and access international markets. The imposition of sanctions and trade restrictions has further worsened the economic isolation of the country, limiting its ability to rebuild and recover from the conflict. The focus keyword for this section is “trade disruption.”

The ongoing conflict in Syria has had a devastating impact on the country’s economy, leads to economic contraction, a humanitarian crisis, and trade disruption. Rebuilding the economy will require concerted efforts to address the underlying causes of the conflict and implement comprehensive economic reforms to stimulate growth and development.

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Featured Reports

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