Friday 17 August 2012

Syria's battling economy may hold on with help from friends - Yahoo! News Maktoob

The Syrian economy has been hit hard by more than 17 months of revolt but may still hold on despite international sanctions with the help of friendly countries such as Russia, Iran and Iraq, experts say.
All economic indicators in Syria, where President Bashar al-Assad is trying to crush an uprising against his rule, are in the red: the economy is contracting, inflation rates have skyrocketed, unemployment has risen and the current account deficit continues to increase.
"The economy is out of breath. It is degrading slowly but surely, a reflection of the gradual loss of government control," said Jihad Yazigi, the director of online business news service The Syria Report.

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