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As the civil war in Syria continues to rage with no resolution in sight, the economic and social costs of the conflict pile up.
Five years of war in Syria and spillovers to neighboring Turkey, Lebanon, Jordan, Iraq and Egypt have caused losses to output that the World Bank estimates at $35bn. This is almost as large as Syria’s pre-war GDP, the Bank notes in its latest Mena Quarterly Economic Brief.
In addition, damage caused by the war to the “capital stock” in Syria between 2011 and 2014 was estimated at $72bn, the World Bank said, quoting a report by the local Syria Center for Policy Research, an increase from $64.8bn at the end of 2013 (MEES, 6 June 2014).
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