The National on Nostr: What next for Syria's battered economy amid political upheaval? ========== Syria's ...
What next for Syria's battered economy amid political upheaval?
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Syria's economy could take a decade to recover from civil war; President Bashar Al Assad fled Damascus on December 8, 2024, as rebels took control; GDP projected to contract by 1.5% in 2024 after a 1.2% decline in 2023; GDP shrank by 54% from 2010 to 2021; 69% of the population in poverty as of 2022; extreme poverty affected over 25% of Syrians; oil production fell from over 400,000 bpd (2008-2010) to about 91,000 bpd in 2023; Syrian pound depreciated 270-fold against the US dollar from 2011 to 2023; Captagon trade valued at $1.9 billion to $5.6 billion annually; UN recorded $2.8 billion in humanitarian funding for 2023, a 5% decrease from 2022; future recovery depends on regional and international support.
#Syria #Economy #BasharAlAssad #CivilWar #Gdp #Poverty #OilProduction #Captagon #HumanitarianAid #PoliticalUpheaval
https://www.thenationalnews.com/business/economy/2024/12/08/what-next-for-syrias-battered-economy-amid-political-upheaval/
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Syria's economy could take a decade to recover from civil war; President Bashar Al Assad fled Damascus on December 8, 2024, as rebels took control; GDP projected to contract by 1.5% in 2024 after a 1.2% decline in 2023; GDP shrank by 54% from 2010 to 2021; 69% of the population in poverty as of 2022; extreme poverty affected over 25% of Syrians; oil production fell from over 400,000 bpd (2008-2010) to about 91,000 bpd in 2023; Syrian pound depreciated 270-fold against the US dollar from 2011 to 2023; Captagon trade valued at $1.9 billion to $5.6 billion annually; UN recorded $2.8 billion in humanitarian funding for 2023, a 5% decrease from 2022; future recovery depends on regional and international support.
#Syria #Economy #BasharAlAssad #CivilWar #Gdp #Poverty #OilProduction #Captagon #HumanitarianAid #PoliticalUpheaval
https://www.thenationalnews.com/business/economy/2024/12/08/what-next-for-syrias-battered-economy-amid-political-upheaval/