LONDON: Syria’s battered economy is projected to grow by 1 percent this year after a 1.5 percent contraction in 2024, the World Bank said in its latest report.
It warned that the modest rebound remains “extraordinarily uncertain,” as the war-ravaged nation struggles with dwindling aid, tight cash flows and persistent insecurity.
Economic data from Syria remains “extremely scarce and hard to come by,” Jean-Christophe Carret, the bank’s Middle East director, said in the July report.
He described the macroeconomic review as an effort to close key information gaps and lay the groundwork for future growth policies.
Economist Karam Shaar, who heads the Syria-focused consulting firm Karam Shaar Advisory, said that modest improvement was possible — but far from sufficient. “Syria will see some economic improvement, despite the divisions that still exist,” he told DW Arabia in September.
