Saturday, December 31, 2011

Syria should brace for a financial collapse

Syria?s economy began 2011 in a strong state of health. The International Monetary Fund predicted moderate but meaningful growth, tourism receipts at more than US$8 billion (Dh29.3bn) were at a record high and set to rise, exploration for new oil and gas fields was under way. Multimillion dollar international investment projects had started, including much-needed upgrades to dilapidated infrastructure.

Independent Syrian economists are now more inclined to ask not if the final collapse will come, but when and in what form?
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Source: http://www.albawaba.com/syria-economy-country-should-brace-financial-collapse-407196

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