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Syria still in bottom category

As its cautious economic reform continues, Syria is showing potential for foreign investment, shown by Virgin Megastores and Carrefour’s plans to open in Aleppo in 2009. But declining oil production pulled GDP growth down to 4% in 2007, according to the IMF’s most recent Article IV report. This noted that “private banks appear to be well capitalised”, while credit to public enterprises,

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