Rebuilding Hope: Charting Syria's Post-War Economic Recovery
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Syria's Post-War Economic Recovery |
The Wall Street Journal reports on Syria's struggling post-war economy, noting a decade of conflict has left the country with massive inflation, widespread poverty (75% of the population living on less than $3.65 a day), and a reliance on the black market. Significant challenges include a loss of control over oil fields, international sanctions stemming from the continued classification of Hayat Tahrir al-Sham as a terrorist organization, and a lack of foreign currency reserves. Despite these difficulties, some improvements are evident, such as lower prices due to reduced corruption and increased availability of imported goods. However, the article concludes that sustained recovery requires substantial international cooperation, sanction relief, and improved resource management.