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- Socio-economic conditions are deteriorating rapidly in Syria, affected by a range of shocks including prolonged armed conflict, economic sanctions, the COVID-19 pandemic, a severe drought, deepening economic crises in neighboring Lebanon and Turkey, and the economic consequences of the war in Ukraine and associated sanctions.
www.worldbank.org/en/country/syria/publication/economic-update-april-2022
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Apr 14, 2022 · Socio-economic conditions are deteriorating rapidly in Syria, affected by a range of shocks including prolonged armed conflict, economic sanctions, the COVID-19 pandemic, a severe drought, deepening economic crises in neighboring Lebanon and Turkey, and the economic consequences of the war in Ukraine and associated sanctions.
- Syria Overview: Development news, research, data | World Bank
Socioeconomic conditions are deteriorating rapidly, affected...
- Syria Overview: Development news, research, data | World Bank
Feb 18, 2021 · Syria’s economic crisis is not entirely due to its own economic malpractice and corruption in the system. In fact, the ongoing Lebanese cash crisis has accelerated Syria’s economic collapse. After years of anti-government protests, political and financial mismanagement and corruption, and a banking crisis caused by spiraling debt, Lebanese ...
Jan 31, 2022 · Syrians are enduring the worst economic crisis since the war began, with record levels of food insecurity and rapidly rising prices of basic goods. At the same time, water shortages in northern Syria are creating drought-like conditions for millions and jeopardizing already compromised health, water and other systems.
- How Bad Is The Crisis?
- What Is Driving The Deterioration?
- What Is The Situation in opposition-controlled areas?
- Could Another Mass Uprising occur?
The Syrian pound hit an all-time low of 7,000 pounds to the dollar on the black market last week before rebounding to around 6,000. It’s still a significant plunge, given the rate was around 3,600 one year ago. The central bank increased the official exchange rate from 3,015 to 4,522 on Monday, apparently trying to entice people to use the official...
Apart from years of war, sanctions and widespread corruption, Syria’s economy has gone through a series of shocks since 2019, beginning with the collapse of Lebanon’s financial systemthat year. “Given the open borders between Syria and Lebanon and both of them (being) increasingly cash based economies,” their markets are inextricably linked, said N...
Every year, residents of makeshift displacement camps in the last rebel-held stronghold in the northwestern province of Idlib suffer through storms and freezing weather. This winter, they have also been hit by the economic crisis in neighboring Turkey, which controls large swaths of territory, as well as by rising prices and shrinking aid caused by...
If the crisis continues, there will likely be more protests, analysts said. But they largely dismissed the possibility of a new nationwide anti-government uprising like the one that erupted in 2011, prompting a bloody crackdown that threw the country into civil war. Daher noted that recent protests have been fragmented and localized. For now, he sa...
Feb 25, 2021 · Syria’s fragile economy has “suffered multiple shocks” over the past 18 months, with its currency plummeting and joblessness swelling as people struggle to cover their basic...
Jun 14, 2022 · The Syrian population exhibits a male deficit in prime-age adult population and an increase in female labor force participation as a result of the deterioration in economic conditions, notwithstanding the challenges women continue to face in access to equal economic opportunities.
