Real estate related economic and financial news covering the MENA region.
Syria GDP to dip 14% in 2012
Aug 05, 2012
According to the Institute of International Finance, Syria’s real GDP is projected to contract by 14% in 2012 compared with 6% in 2011, The Daily Star has reported. The decline is attributed to the large reduction in agriculture output and further declines in investment and net exports due to the escalation of fighting and economic sanctions, the institute said.