Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian media: 'Israel' launches two airstrikes on eastern Khan Younis, Gaza.
Al Mayadeen’s correspondent in Gaza: Israeli occupation forces carry out demolitions in eastern Gaza City.
Venezuelan Foreign Ministry: The National Armed Forces will remain on alert and mobilized in the face of this extremely dangerous provocation.
Venezuelan Foreign Ministry: This is not a defense exercise, but rather a military aggression aimed at turning the Caribbean into a space for violence and US hegemony.
Venezuelan Foreign Ministry: The government of Trinidad and Tobago has surrendered the country's sovereignty to act as a military colony serving US interests.
Rapid Support Forces attack El-Fasher, west Sudan.
Al Mayadeen correspondent: One martyr and one wounded in an Israeli drone attack on the town of Hafir, west of Baalbek, eastern Lebanon.
Al Mayadeen correspondent: An Israeli drone fired three missiles in the vicinity of the town of Bodai, west of Baalbek.
Reuters: The Rapid Support Forces announced that they have taken over the headquarters of the Sudanese Armed Forces in al-Fasher.
Al Mayadeen correspondent: An Israeli drone strike targeted the town of Al-Qlailah, Southern Lebanon.

World Bank projects modest economic growth for Syria in 2025

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Jul 2025 18:45
3 Min Read

The report paints a stark picture of Syria's economic landscape, shaped by 14 years of war and instability.

Listen
  • x
  • World Bank projects modest economic growth for Syria in 2025
    The Damascus Securities Exchange building is seen in Damascus, Syria, on June 2, 2025 (AP)

Following a 1.5% economic contraction in 2024, Syria's GDP is projected to grow by a modest 1% in 2025, according to a new report released today by the World Bank. The report, titled "Syria Macro Fiscal Assessment 2025," outlines both the daunting economic challenges facing the country and the limited prospects for recovery amid persistent security risks, liquidity shortages, and ongoing restrictions on foreign assistance.

While the easing of some sanctions offers a glimmer of hope, the report warns that frozen assets and continued limitations on international banking access remain significant barriers. These issues are affecting the country’s energy supply, humanitarian aid, foreign investment, and overall trade activity.

The report paints a stark picture of Syria's economic landscape, shaped by 14 years of war and instability. Since the outset of the war on the country in 2011, the Syrian economy has shrunk by more than 50%, and Gross National Income (GNI) per capita has plummeted to just $830 in 2024, well below the global threshold for low-income countries. Extreme poverty now affects one in four Syrians, and two-thirds of the population live below the lower middle-income poverty line.

'Land of opportunities'?

Related News

Syria not seeking IMF, World Bank loans: Interim finance minister

World Bank passes $250M project for Lebanon's post-war reconstruction

Economic data for Syria is extremely scarce and hard to come by. This macro-fiscal assessment bridges critical information gaps and provides an important foundation for policy dialogue to revitalize economic growth and bring prosperity to Syria," according to Jean-Christophe Carret, World Bank Middle East Division Director. 

The report acknowledges recent steps by Syria's transitional government to stabilize the economy. These include attempts to unify macroeconomic, fiscal, and monetary policies, as well as improve public financial management and attract foreign investment.

“Syria today is a land of opportunities, with immense potential across every sector,” said Finance Minister Yisr Barnieh. “This report highlights our challenges, particularly those linked to sanctions, but also supports our efforts with the data and analysis needed for sound policymaking. We are confident that growth will accelerate as reforms take hold.”

Precarious road to recovery

However, the road to recovery remains precarious. Security concerns continue to threaten stability, and the government’s ability to secure oil imports remains in doubt, posing inflation risks. Still, the report identifies potential upsides: a governance agreement with northeastern authorities could revive oil and gas production, and deeper regional engagement from countries like Türkiye and Gulf states may stimulate trade and investment.

The return of refugees and internally displaced people could also support a medium-term economic rebound, though this would largely depend on further easing of sanctions and broader international cooperation.

The World Bank concludes that while Syria's economic base has been deeply eroded, coordinated reforms and international support could lay the groundwork for a gradual recovery—if political and security conditions stabilize.

  • World Bank
  • Damascus
  • Syria
  • Syrian economy

Most Read

From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Sheikh Naim Qassem speaks during an interview with Al-Manar TV, October 26, 2025 (Screenshot)
Politics

Hezbollah ready to face 'Israel' in case of war: Sheikh Naim Qassem

A Russian cargo train arrives at Astara Railway Wharf, March 2018 (IRNA)
Economy

Tehran, Moscow to finalize INSTC rail project next month

Iran's Parliament Speaker Mohammad Bagher Ghalibaf addresses the media after submitting his candidacy for the Islamic Republic's upcoming presidential election in Tehran on June 3, 2024 (AP)
Politics

UNSCR 2231 termination marks major win for Iran’s diplomacy: Qalibaf

ap
Politics

'Israel' killed 40 Palestinian children in West Bank since January: UN

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS