Economic studies on Syria consistently agree that the economic situation continues to deteriorate. It is expected that the Syrian economy will keep shrinking, with the GDP expected to decline by approximately 1.5% in 2024, following a previous decline that exceeded 3%. What worsens the situation is that more than 90% of Syrians live in extreme poverty, with expectations that living conditions will continue to worsen. Private investment remains stagnant due to ongoing security instability and economic uncertainty.<\/p>\n\n\n\n
Prices continue to rise, eroding citizens\u2019 purchasing power, and Syria is suffering from a severe energy crisis that negatively impacts all economic sectors. Syrians are increasingly pessimistic about the possibility of an economic revival due to this dire and challenging reality.<\/p>\n\n\n\n
Causes and Outcomes:<\/strong> Conclusion:<\/strong> Given this, the Economic Office of the Syrian Future Movement (SFM) recommends the following:<\/strong><\/p>\n\n\n\n Syria’s economic reality requires long-term treatment, and acknowledging this severe and cancerous disease is the first step toward long-term recovery. Otherwise, we will continue to rely on patchwork solutions that deepen the deterioration and distance us from real recovery.<\/p>\n\n\n\n Jacqueline K. Al-Shami How recognizing economic cancer as a starting point for treatment can help improve living conditions in Syria.<\/p>\n","protected":false},"author":35,"featured_media":17772,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4661],"tags":[4718],"class_list":["post-19100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-office-en","tag-articles"],"yoast_head":"\n
The ongoing conflict in Syria has destroyed infrastructure and displaced millions, severely affecting the economy. Economic sanctions on Syria have further limited its ability to receive international aid. Additionally, the Syrian regime’s poorly thought-out economic decisions have worsened the crisis. These factors, among others, lead to a bleak outlook for Syria’s economic situation, and the most prominent outcomes include:<\/p>\n\n\n\n\n
The Syrian economy is at the bottom of global assessments, further worsened by issues such as the impact of the war and the lack of a political solution. Economic sanctions affect Syrian citizens more than the regime itself, and efforts to rebuild Syria have failed. Lastly, the International Monetary Fund\u2019s alarming forecasts for Syria\u2019s economy exacerbate the situation.<\/p>\n\n\n\n\n
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Economic Office
Research and Studies Department
Articles
Syrian Future Movement (SFM)<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"