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Multiple Headwinds To Weigh On Economic Activity In Syria

Country Risk / Syria / Thu 03 Mar, 2022

Key View

  • We at Fitch Solutions believe that multiple headwinds to economic activity in Syria will weigh on the growth outlook over the coming quarters.
  • Spiralling inflation, weaker government spending and elevated political instability will remain key impediments to a meaningful economic recovery.
  • We are more positive on the outlook for
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Syrian Economy To Suffer Deep Contraction As Prices Surge

Country Risk / Syria / Mon 17 Aug, 2020

Key View

  • At Fitch Solutions, we forecast that Syria’s economy will contract by 8.5% in 2020 – the country’s worst performance since 2013.
  • A sharp depreciation in the exchange rate and the subsequent surge in domestic prices will continue to lower living standards, resulting in a deepening slump in household spending.
  • A prolonged period
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Syria To See Robust Growth In 2020

Country Risk / Syria / Mon 09 Mar, 2020

Key View

  • We at Fitch Solutions forecast Syrian growth to come in at 7.2% in 2020, up from our 2019 estimate of 5.2%.
  • The acceleration in headline growth will be underpinned by household consumption, which will benefit from stabilising prices as the security situation gradually improves.
  • That said, an acceleration in imports given
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Syrian Economy To Keep Growing On Piecemeal Foreign Investment

Country Risk / Syria / Wed 20 Nov, 2019

Key View

  • We at Fitch Solutions expect that an improved degree of political stability will allow the Syrian economy to expand in the coming months, with real GDP growth hitting 6.5% in 2020 and 5.5% in 2021, from a forecast 5.9% in 2019.
  • An improved security situation in government-held areas will enable projects sponsored by Iran, Russia
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