Middle East Economic Survey

VOL. LII

No 31

3-Aug-2009

syria

Syrian Economy Will Slow Down In 2009 But Recession Not Expected, Says Bank Audi

The global financial crisis has had an impact on the Syrian economy, specifically damaging the countrys external accounts that rely to a large extent on oil revenues. However, a slowdown will not necessarily lead to recession thanks to a good agricultural crop in 2009, minimal impact of the crisis on banks, and easing of the political tension with the West,...