Syrian Arab Republic 2006 Article IV Consultation—Staff Report; and Public Information Notice on the Executive Board Discussion
Non-oil GDP growth in Syria may have risen to about 5½ percent in 2005, from 5 percent in 2004, buoyed by business investment and supported by household consumption and non-oil exports. Private consumption was boosted by rapid credit growth, a boom in real estate prices triggered by capital inflows,...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
2006
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| Series: | IMF Staff Country Reports
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | Non-oil GDP growth in Syria may have risen to about 5½ percent in 2005, from 5 percent in 2004, buoyed by business investment and supported by household consumption and non-oil exports. Private consumption was boosted by rapid credit growth, a boom in real estate prices triggered by capital inflows, and the large wage increase from mid-2004. Overall, net non-oil exports contributed positively to growth and to an improvement in the non-oil current account deficit, thereby helping to maintain external balance despite the sharp decline in net oil exports |
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| Physical Description: | 58 pages |
| ISBN: | 9781451836295 |