Macroeconomic Forecast Syria

July 2004 | Macroeconomic Forecasts

We expect real GDP growth of 3.6% this year, rising to 4.5% in 2005, if economic reforms continue. This year our GDP expectations are based on strong performance of the oil sector, helped by improved inter-regional trade and larger tourism receipts. In 2005, forecasts are predicated on progress on the economic reform front, which will improve consumer confidence and should spur private-demand driven growth.

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