Is Reclassifying Terrorism Sufficient for Syria's Economy
After years of war and isolation, Syria has begun to show economic indicators suggesting limited recovery, including growth in cross-border trade and the resumption of some energy activities, along with progress in reconnecting with regional and global economies. However, the lack of structural stability in the banking sector, damaged infrastructure, and the ongoing reconstruction gap continue to hinder turning this initial rebound into sustainable economic growth. An important step was taken when the United States removed Syria from its list of state sponsors of terrorism after 47 years, opening up prospects for improving financial and investment relations. Nevertheless, genuine economic recovery requires restoring confidence in the banking system, ensuring stable energy supplies, rehabilitating infrastructure, and overcoming the financing and reconstruction gap, which is estimated at over $216 billion.
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