IMF: Syria's economy needs 20 years to recover[/rtl]
[rtl]History of edits:: 17/9/2016 13:53 • 25 visits readable[/rtl]
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International Monetary Fund said on Friday September / September 16, that the Syrian economy return to theform that it was in 2010 before the crisis would take at least a generation.
According to the Fund, the Syrian economy shrank by 55% for at least the first five years of the crisis plaguing thecountry since 2011.
He predicted Fund experts to bring Syrian economy after the crisis ends growing by an average rate of around 4.5% per annum, based on the average economic growth rates of the countries that has seen similar conflicts since 1970.
According to a report of the Fund on the wars in the Middle East and South Africa, that even with the achievement of this annual rate "relatively high , " the Syrian economy will need to be at least 20 years in order to return to its level before the war. the
report added that "states at the stage post - conflict remain for a while hybrid state where exchange periods ofpolitical and economic progress with temporary setbacks and obstacles facing the peace process and reconstruction. "
for its part, expressed Christine Lagarde president of the fund shock of the consequences of the crisis on theSyrian economy , saying:" numbers shocking .. conflicts left a deep imprint on the economies. "
the Syria suffers from a severe international Baanaatadtha of hard currency decline, it led to the decline of thenational currency" lira "exchange rate to low levels as the dollar exchange rate exceeded 500 Syrian pounds for the first time in the history of the country.