Opportunities in Syria's Economic Reforms
Written by : Nabil Sukkar
Publication : Arab Banker
The Syrian economy achieved impressive growth rates in the 1970s, ranging between 7% and 10% a year, as a result of large public investment supported by substantial inflow of official capital assistance. Most of this capital was received from the Arab Gulf countries. But economic growth sputtered throughout the 1980s, following a drop in official capital assistance and as a result of public enterprise fatigue, only to pick up again in the first half of the 1990s averaged about 7% a year, and was a result of tow factors.