Syria’s Economic Growth Grinds to Sudden Halt
Syria’s Minister of Planning Issam Al Zaiim has announced that “the economic growth rate in Syria has reached zero,” the the Daily Star reported Wednesday.
Zaiim, speaking in Damascus at a conference on economic reform, was quoted by the daily as saying that Syria's average economic growth rate, which was expected to hit 3 percent, instead had dropped to two and then continued to fall to zero.
The three percent figure could be achieved, he said, “but this would need economic conditions that are fundamentally different from those present today.”
The minister emphasized the objective of improving the public sector, claiming that both it and the private sector should be fundamentally transformed in order to achieve progress in Syria – Albawaba.com
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