The World Economic Crisis and the Syrian Economy - Instablogs
The World Economic Crisis and the Syrian Economy
Mustafa Hamido , Aleppo: Oct 10 2008
Made Popular Oct 11 2008
Syria :

The World Economic Crisis and the Syrian Economy

Prices are rocketing in Syria. All things has doubled its prices and maybe tripled. A quick view to the average of salaries in Syria and comparing it to the prices will give you a quick idea about the World economic crisis and its effects on Syria.

Syria Has faced one of the worst seasons in the agriculture field last year. The effect of drought has hit the meat and the framers who are growing ups Goats. Syria is depending on goat as a main source of meat in contrast to other parts of the world, which depends on cows.

The prices of meat were at the bottom during last summer. That was owing to the drought and the lack of grasslands in Syria. What happened in this fall is the rocketing of Meat prices, which has doubled. That is only one face of problem. The other face of the economic crisis of the world and its effect on Syria is another issue.

The effect of this crisis on Syria is mild. Thanks to George Bush who has put sanction on Syria especially in the financial field. These sanctions has limited the relations between Syrian Financial firms and The American ones. This has saved Syria from the crisis at least till now.

Here we have not seen a bankrupted banks or insurance companies. Syrian financial sector still junior and limited to the Syrian market and it has not any big relation with the world financial sector.

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