Rebel Control Sparks Economic Uncertainty in Syria: Signs of a Worsening Crisis

The recent capture of Damascus by the rebel group Hayat Tahrir al-Sham (HTS) has cast a shadow over Syria’s already fragile economy. With the government displaced and financial systems disrupted, the nation faces heightened economic instability and a potential decline in trade and investment activities.

The takeover of the capital has raised concerns about the functioning of banks and public services, which are likely to face interruptions. Without international recognition or support for the rebel administration, Syria’s import-export framework is expected to weaken further.

Oil production and agriculture, the pillars of Syria’s economy, are now under rebel control, raising fears of mismanagement and disputes over resources. The capture of Homs, a key trade link, is likely to block vital supply routes, exacerbating the economic challenges.

Rising unemployment, inflation, and a lack of basic services are expected to deepen economic grievances among the population. With uncertainty surrounding the rebels' ability to establish stable governance, the outlook for economic recovery remains bleak.

The evolving economic crisis in Syria could have ripple effects across regional markets. For Syria to regain stability, the rebel administration will need to implement clear and sustainable economic strategies in the face of daunting challenges.