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The world body said Thursday it will take the country more than half a century to get back to its previous economic level.<\/p>\n
“Fourteen years of conflict in Syria have undone nearly four decades of economic, social, and human capital progress,” the UN Development Programme (UNDP) said.<\/p>\n
“At current growth rates, Syria’s economy will not regain its pre-conflict GDP level before 2080,” it added.<\/p>\n
It called for massive investment in economic recovery after the fall of the government of Bashar al-Assad this year.<\/p>\n
The UN study — “The Impact of the Conflict in Syria” — noted that 90 percent of Syrians now live in poverty, one quarter are jobless, and the GDP has shrunk to less than half of its value in 2011.<\/p>\n
It added that a five percent annual growth would be needed over 15 years to get the Syrian economy back to the size it had in 2010.<\/p>\n
“Beyond immediate humanitarian aid, Syria’s recovery requires long-term investment in development to build economic and social stability for its people,” said UNDP chief Achim Steiner.<\/p>\n
“Restoring productivity for jobs and poverty relief, revitalizing agriculture for food security, and rebuilding infrastructure for essential services such as healthcare, education and energy are key to a self-sustaining future, prosperity, and peace,” he added.<\/p>\n
A strategy including “governance reform,” “economic stabilization” and “infrastructure rebuilding” was needed for Syria to “regain control over its future, reduce reliance on external aid, and pave the way for a resilient and prosperous future,” said Abdallah Al Dardari, UNDP regional chief for Arab states.<\/p>\n
Armed groups, led by Hay\u2019at Tahrir al-Sham (HTS) militants, announced on December 8 that they had fully captured the Syrian capital and announced the fall of President Assad’s government.<\/p>\n
Many believe that the US created the Daesh terrorist group and helped it rise and commence its reign of terror and destruction in Syria and Iraq in 2014.<\/p>\n
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