Browse the complete Report on: Syria Defence and Security Report Q4 2010
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Syria faces a myriad of problems, both internally and externally, which severely impede development of the defence sector. The widespread drought, which is in its third year, has forced large numbers of people to leave their homes - resulting in a significant international refugee problem. While the Assad regime still retains a tight grip on control, the inflationary pressure resulting from the drought is fuelling a simmering wave of discontent.
At the political level, Syria has nonetheless seen significant gains in recent months with international support for stronger ties. The announcement in July that Lebanon, Turkey, Jordan and Syria would form an economic council to establish a free trade zone adds credence to the country's international status. The free trade zone is aimed at increasing competitiveness, supporting scientific research and building a strategic partnership to strengthen trade exchange between the four countries. .Russia also recently announced plans to invest in a substantial upgrade to its Mediterranean naval base near the Syrian port of Tartus.
The economic picture remains clouded by the ongoing drought however economic reforms promise potential of large investment inflows going forward. Relations with the West remain a key influencer on economic growth rates. Recent events, such as the accusation that Syria was supplying SCUD missiles to Hizbollah, continue to dampen potential development and thwart US-Syrian relations.
The pace of economic reform appears to have picked up over the past year, probably in response to adverse global and domestic conditions. As with neighbouring Lebanon, Syria has shrugged off the effects of the global financial crisis and economic slowdown, and recorded an estimated 5.9% real GDP growth in 2009. We see a slowdown in 2010, mainly due to base effects and the lagged effect of the drought on consumption. However, foreign investment continues apace, and financing conditions are improving. We see above average growth rates over the coming five years (4.7% between 2010 and 2014, compared with a global average of 3.5%, and a MENA average of 3.8%). The key risk to our outlook is lack of political focus, at present. However, despite some cabinet reshuffles, we believe that the government's commitment to liberalisation remains strong.
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Browse All Business Monitor International Market Research Reports
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Syria faces a myriad of problems, both internally and externally, which severely impede development of the defence sector. The widespread drought, which is in its third year, has forced large numbers of people to leave their homes - resulting in a significant international refugee problem. While the Assad regime still retains a tight grip on control, the inflationary pressure resulting from the drought is fuelling a simmering wave of discontent.
At the political level, Syria has nonetheless seen significant gains in recent months with international support for stronger ties. The announcement in July that Lebanon, Turkey, Jordan and Syria would form an economic council to establish a free trade zone adds credence to the country's international status. The free trade zone is aimed at increasing competitiveness, supporting scientific research and building a strategic partnership to strengthen trade exchange between the four countries. .Russia also recently announced plans to invest in a substantial upgrade to its Mediterranean naval base near the Syrian port of Tartus.
The economic picture remains clouded by the ongoing drought however economic reforms promise potential of large investment inflows going forward. Relations with the West remain a key influencer on economic growth rates. Recent events, such as the accusation that Syria was supplying SCUD missiles to Hizbollah, continue to dampen potential development and thwart US-Syrian relations.
The pace of economic reform appears to have picked up over the past year, probably in response to adverse global and domestic conditions. As with neighbouring Lebanon, Syria has shrugged off the effects of the global financial crisis and economic slowdown, and recorded an estimated 5.9% real GDP growth in 2009. We see a slowdown in 2010, mainly due to base effects and the lagged effect of the drought on consumption. However, foreign investment continues apace, and financing conditions are improving. We see above average growth rates over the coming five years (4.7% between 2010 and 2014, compared with a global average of 3.5%, and a MENA average of 3.8%). The key risk to our outlook is lack of political focus, at present. However, despite some cabinet reshuffles, we believe that the government's commitment to liberalisation remains strong.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
(Due to the length of these URLs, it may be necessary to copy and paste the hyperlinks into your Internet browser's URL address field. Remove the space if one exists.)
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
