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Syria-Lebanon-Iran |
Why Syria’s economic crisis has hit a new low, bringing country to a standstill |
2023-01-06 |
[IsraelTimes] A slowdown in oil imports from Iran, a plunging currency and spiraling inflation means many can’t afford to commute to work or buy basic goods — surviving on remittances and aid Syria’s economy has hit its lowest point since the start of its civil war nearly 12 years ago, with spiraling inflation, a currency plunge and severe fuel shortages in both government-run and rebel-held areas. Life in Damascus has come to a near standstill. Streets are almost empty of cars, households receive a few hours a day of electricity at best, and the cost of food and other essentials has skyrocketed. |
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