Economic Monitor

World Bank: Welfare of Syrian Households Deteriorates

Real GDP is projected to contract by 1.5% in 2024. As of 2022, poverty affects 69% of the population. Extreme poverty reached 27%, up from a negligible level in 2009. More than a decade of conflict, compounded by external shocks, has further worsened Syria’s dire economic situation in 2023 and led to a dramatic deterioration in the welfare of ...