Syria’s economy is in a state of distress, heavily affected by sanctions. Citizens experience extreme frustration, illustrated by long waits and limited cash access. The new leadership faces the dual challenge of addressing sectarian tensions while fostering economic recovery. Without the lifting of sanctions, significant improvements appear unlikely.
The economy of Syria remains severely impacted by enduring sanctions, leading to a state of despair. Long queues form outside cashpoint machines in central Damascus, where individuals often wait for hours to withdraw a mere $30. The frustration is palpable, as one man laments, “I haven’t had cash to feed my boys for two days.” The initial optimism following the conclusion of Syria’s 14-year civil war has now given way to anger due to the stagnation of economic progress and the government’s inability to stimulate recovery.
Although Bashar al-Assad has been ousted, sectarian tensions still persist under the new administration. The current rulers appear divided, attempting to balance the needs of diverse minority groups while managing the expectations of jihadist factions within the country. This complex political landscape complicates efforts to foster economic revitalization and social harmony.
Syria’s economic condition is dire, exacerbated by persistent sanctions that hinder recovery efforts. The public’s frustration is evident amid the struggle for basic necessities. The new government’s challenges include reconciling sectarian divides while attempting to rebuild the economy. Until sanctions are lifted, the prospects for improvement in Syria’s economy remain bleak.
Original Source: www.economist.com
