After a decade of civil war, Assad still rules in Syria, but the country’s economy is in ruins, with no recovery on the horizon. Any effort toward reconstruction is contingent on internal stability, removal of the sanctions, and multi-level foreign aid – developments that appear highly unlikely. Syria’s economy is currently functioning on a minimal level, with a small state budget designed to maintain the regime and its mechanisms. Even though the state budget is smaller in real terms than in previous years, Syria is hard-pressed to pay for it without printing money, but currently there is no ability to do so. This situation, along with the shortage of basic goods caused by the destroyed economy and the difficulty in financing imports, has led to steep price rises in the country, and aggravated the economic instability.
(Syria) The Syrian Economy: In Ruins, with Few Prospects of Recovery (INSS)
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