War has left Syria ‘on brink of economic collapse’ - from TRUNEWS

Syria is heading towards economic collapse after four years of war, a report by a leading British think-tank says.

In a report published today, Chatham House says that the Syrian economy has retracted by over 50 per cent in real terms, the Syrian pound has lost 80 per cent of its value and inflation has averaged 51 per cent.

Outward migration and an estimated 250,000 deaths have caused Syria’s population to fall by more than 15 per cent, from 21 million to 17.5 million.

With a sharp drop in output in the energy and manufacturing sectors, agriculture now accounts for a greater percentage of the nation’s overall output, Chatham House said. But overall food production has fallen sharply due to the conflict. David Butter, the author of Picking up the Pieces, said the economic failure could lead to military collapse within the Syrian army.

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