12 Hrs
Source:
اقتصاد
Syrians lose buying power
Syrians’ purchasing power is declining because of the widening gap between wages and the cost of living, rising energy, transport, and import prices, and weak production and employment opportunities. Although the economy is expected to grow by more than 10%, that growth does not automatically translate into higher household incomes. The minimum wage is 12,560 Syrian pounds a month, while the cost of a minimum-needs basket for a family of five is estimated at 26,551 pounds—meaning a wage covers about 47% of it. Experts estimate that poverty affects 80% to 90% of the population, while unemployment exceeds 50%, forcing some families to borrow and cut back on meals and essential expenses. Experts recommend boosting domestic production and creating stable jobs, regulating markets and energy and transport costs, expanding social protection, and linking wages to the cost of living.
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