Sanctions on Syria from the Arab League, the EU and the US threaten to cripple a domestic economy Bashar Al Assad's government had ushered into growth over the past six years as the country positioned itself as increasingly open to foreign investment.
Activity in sectors including finance, energy, tourism and construction has ground to a virtual halt since unrest erupted in March. Analysts say the path of liberalisation and open trade Syria pursued has only made its US$59 billion (Dh216.71bn) economy more vulnerable to sanctions.
"Syria can absorb a certain amount of economic sanctions, for a limited period," said Ghanem Nuseibeh, a partner at Cornerstone Global Associates and a senior analyst with Political Capital.
No comments:
Post a Comment