Macroeconomic Forecast Syria

July 2007 | Macroeconomic Forecasts

Real GDP looks set to slow sharply over the next few years, as a decline in net exports continues to mask a revival in the consumer and investment components of GDP. We see growth of 4.6% this year, dropping to 2.8% in 2008 and then 0.5% in 2009. Inflation poses a risk to this outlook, but we see CPI falling from its end-2006 high of 9.2% y-o-y, to end 2007 at 7.0% and then 2008 at 5.0%.

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