Syria’s Conflict Economy

June 29, 2016

Preview Citation

Format: Chicago

Jeanne Gobat, and Kristina Kostial. Syria’s Conflict Economy, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Five years into the ongoing and tragic conflict, the paper analyzes how Syria’s economy and its people have been affected and outlines the challenges in rebuilding the economy. With extreme limitations on information, the findings of the paper are subject to an extraordinary degree of uncertainty. The key messages are: (1) that the devastating civil war has set the country back decades in terms of economic, social and human development. Syria’s GDP today is less than half of what it was before the war started and it could take two decades or more for Syria to return to its pre-conflict GDP levels; and that (2) while reconstructing damaged physical infrastructure will be a monumental task, rebuilding Syria’s human and social capital will be an even greater and lasting challenge.

Subject: Agricultural commodities, Commodities, Education, Infrastructure, National accounts, Oil, Poverty

Keywords: Agricultural commodities, Asia and Pacific, Central bank, Economic Development, Exchange rate, Financial system, Foreign currency, Global, Government control, Government debt market, Government obligation, Infrastructure, Macroeconomics, Oil, Syria, Syrian pound, Syria's government institution, U.S. dollar, WP

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2016/123
Stock No:

WPIEA2016123
ISBN:

9781498336826
ISSN:

1018-5941

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