18.11.2011 21.Cheschwan. 5772
Business elite turning backs on Assad as international boycott expands, economists and political analysts say.
The wall of boycotts and sanctions gradually being erected around Syria could lead to a double-digit drop in economic output this year and remove a critical source of support for the beleaguered regime of President Basher Assad, economists and political analysts say.
The Arab League decision over the weekend to suspend Damascus and its threat to impose economic sanctions not only strikes at the country’s foreign trade, which in recent years has exceeded more than 40% of gross domestic product, but at foreign investment and tourism, both of which are highly reliant on the Arab world….