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Shackled: Syria’s uprising exacts heavy toll across Economy

Shackled: Syria’s uprising exacts heavy toll across Economy

Businessmen and analysts say the Syrian economy is shrinking; the IMF forecast a 2 percent contraction for Syria in 2011, in contrast to 3 percent growth which it predicted earlier this year

October 14, 2011 2:00 by



“They no longer want Assad. They have lost respect for the regime and they are saying, who are these people? They no longer fear them as before,” one prominent Damascus-based trader said on condition of anonymity.

A textiles shop next to the Medhat Basha souk in Damascus prominently displays a poster that reads: “We are with you, Bashar al Assad, the merchants of Damascus.”

The shopkeeper’s neighbour whispers on the phone that government security forces have in recent weeks been paying more and more frequent visits to the area, reminding store owners to hang posters and asking for a share of the shops’ dwindling profits.



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1 Comment

  1. John Smith on October 19, 2011 10:00 am

    I appreciate the research behind your articles. Thanks.

     

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