Syrian Economy Permanently Degraded


As the Syrian conflict enters its fourth year with no end in sight at least in the near-term, the macroeconomic situation in the country continues to degrade.

Little remains of pre-war Syria: the country is split, in some places block-to-block, along lines foreign to Syrians as recently as 2011. The extremists of the Islamic State control large swathes of territory in the east of the country. Kurdish militias have carved out...