As the Assad regime continues to violently repress the 10-month old uprising, it is struggling to contain the damage done to the Syrian economy. In line with the government’s public statements throughout, the regime is blaming terrorists and foreign conspiracies for the severe economic woes.
The economic devastation has penetrated the lives of multiple segments of society, threatening to erode Assad’s remaining supporters. The economic woes have drawn the $8 billion tourism industry to a halt, resulted in massive inflation, led to a lack of basic cooking and heating supplies, and, due to Western sanctions on Syrian oil exports, the country has lost $2 billion since September.
A steady flow of money from Russia and Iran, however, may keep the economy, and the Assad regime, afloat.
The Washington Post, United States