To date, the World Bank has supported over US$3 billion worth of projects in Jordan and Lebanon to help refugees and host communities. These projects support jobs and economic opportunities, health, education, emergency services and social resilience, and infrastructure.
Using novel data sources, this Syria Economic Monitor analyzes what happens to a conflict-affected economy in the months following a large natural disaster.
The MENA region is expected to grow at 2.2% in 2024, yet the outlook remains subdued amid heightened uncertainty. This edition also includes an update on the economic impacts of the conflict in the Middle East.
More than a decade of conflict compounded by external shocks have further worsened Syria’s dire economic situation in 2023 and led to a dramatic deterioration in the welfare of Syrian households.
According to the report, MENA economies are expected to return to low growth akin to the decade prior to the pandemic. MENA’s gross domestic product (GDP) is forecast to rise to 2.7% in 2024.
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