IMF Staff Country Reports

This 2009 Article IV Consultation discusses that the impact of the global financial crisis on Syria has been relatively moderate and mostly through linkages to trading partners in the GCC and Europe. Lower growth in manufacturing, construction, and services was partially offset by a moderate recovery in agriculture and a small increase in oil production. The ongoing recovery in Syria’s trading partners is expected to contribute to a gradual increase in exports, remittances, and foreign direct investment.