Chatham House paper tries to quantify Syrian economic breakdown

The Central Bank of Syria

Syria's economy has been devastated by war but so far continues to function, according to research published today (June 23) by Chatham House.

Author David Butter admits the full impact of the conflict on the Syrian economy is hard to quantify. But the paper estimates that since 2011 output has contracted more than 50%, inflation between 2012 and 2015 averaged 51%, the Syrian pound lost 80% of its value, and the population fell by 3.5 million, to 17.5 million. Mostly the fall comes from

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