Wednesday, October 05, 2016

The Black Market Kings of Damascus - The Atlantic

http://www.theatlantic.com/international/archive/2016/10/syria-war-economy-damascus-assad/502304/?utm_source=atltw

Excellent article out of the Atlantic on the black market in Syria.

"Syria is enduring its sixth year of war, and most people living in government-controlled areas like Damascus continue to suffer from a crippling economic crisis likely to linger long after the guns fall silent. A report released by The United Nations Economic and Social Commission for West Asia (ESCWA)  in 2015 estimated cumulative losses between 2011 and 2015 at about $260 billion, approximately 55 percent of what it was in 2011. By the end of this year, Syria’s economy will have shrunk 10-fold since the conflict began, according to people in Damascus....

Syria is enduring its sixth year of war, and most people living in government-controlled areas like Damascus continue to suffer from a crippling economic crisis likely to linger long after the guns fall silent. A report released by The United Nations Economic and Social Commission for West Asia (ESCWA)  in 2015 estimated cumulative losses between 2011 and 2015 at about $260 billion, approximately 55 percent of what it was in 2011. By the end of this year, Syria’s economy will have shrunk 10-fold since the conflict began, according to people in Damascus....

As Saghir pointed out, there is no incentive on either side for the war to stop: “What is happening now is going to be an absolute nightmare for years to come, as it is precisely this war economy that is driving the war.”

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