Syria compares to war-torn Europe after WWII. A Marshall-like Plan will have to be set up for this country.
IMF: Syria would need at least 20 years to regain pre-war economy
World
Fri, 16/09/2016 - 16:41
Author:
DPA
Damascus
Photograph: Photo by upyernoz, used under CC BY
The Syrian economy contracted by at least 55 per cent in the first five years of the country's grinding civil war, and recovering just to the 2010 pre-war level could take at least a generation, the International Monetary Fund estimates.
A new report from the Washington-based crisis lender summarized the economic impacts of conflicts in the Middle East and North Africa, including the region's refugee crisis, which has spilled over into Europe.
In the report, IMF staff postulated an optimistic post-conflict growth rate of 4.5 per cent, roughly the average of a broad range of countries since 1970 that emerged from wars with at least 10 years of peace.
Continue reading at:
https://aboutcroatia.net/news/world/imf-syria-would-need-least-20-years-regain-pre-war-economy-
IMF: Syria would need at least 20 years to regain pre-war economy
World
Fri, 16/09/2016 - 16:41
Author:
DPA
Damascus
Photograph: Photo by upyernoz, used under CC BY
The Syrian economy contracted by at least 55 per cent in the first five years of the country's grinding civil war, and recovering just to the 2010 pre-war level could take at least a generation, the International Monetary Fund estimates.
A new report from the Washington-based crisis lender summarized the economic impacts of conflicts in the Middle East and North Africa, including the region's refugee crisis, which has spilled over into Europe.
In the report, IMF staff postulated an optimistic post-conflict growth rate of 4.5 per cent, roughly the average of a broad range of countries since 1970 that emerged from wars with at least 10 years of peace.
Continue reading at:
https://aboutcroatia.net/news/world/imf-syria-would-need-least-20-years-regain-pre-war-economy-
