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Syria May Reach 2010 GDP Level in 20 Years – IMF

© Sputnik / Go to the mediabankSyrian Army with support of Russian military aviation takes control over village of Gmam, Latakia Province
Syrian Army with support of Russian military aviation takes control over village of Gmam, Latakia Province - Sputnik International
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Syria could restore its gross domestic product (GDP) to 2010 levels within 20 years if it grows at an average rate of three-percent, the International Monetary Fund (IMF) announced.

(L-R) Russian Foreign Minister Sergei Lavrov, U.N. Special Envoy for Syria Staffan de Mistura and U.S. Secretary of State John Kerry hold a news conference at the Grand Hotel in Vienna, Austria October 30, 2015 - Sputnik International
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WASHINGTON (Sputnik) – Syria has been engulfed in a civil war since 2011 as Syrian government forces fight against opposition factions and terrorist groups, including ISIL and Nusra Front militant groups.

"At an average growth rate of 3 percent, it would take 20 years for Syria, whose population is estimated to have shrunk by 20 percent, to recover to its 2010 GDP level," the IMF said in a report issued ahead of the G-20 leaders' summit in Turkey on Sunday.

According to various estimates, up to half of the Syrian population, which stood at about 23 million people in 2011, have become either refugees or internally displaced persons (IDPs).

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