12 Hrs
Source:
Sharjah24
IMF praises Syria's economic growth
The International Monetary Fund welcomed the acceleration of Syria's economic recovery after its mission visited Damascus in July. The report highlighted high consumer and investor confidence, the return of approximately 1.5 million refugees, and Syria's gradual reintegration into the regional and global economy, with an expected growth rate of over 10% in 2026. This recovery is attributed to a rebound in the agricultural sector, expanded oil production, improvements in electricity supplies, continued growth in trade and services sectors, and a noticeable enhancement in public finances. However, inflation remains very high in 2026 due to rising import costs, especially for fuel and food items, as well as increased wages in the public sector. Despite these advances, challenges remain due to significant humanitarian and developmental needs that require strong and rapid international support.
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