Syrian minister’s advisor: World Bank’s Syria outlook premature

AlArabiya English

The senior advisor to Syria’s Minister of Economy and Industry Dr. Osama Kadi says the World Bank’s 2025 growth forecast for Syria is likely premature.   #Syria

Transcript

00:00Right, I mean, things are really changing fast, aren't they?

00:02When you consider the World Bank says that Syria's GDP is going to grow 1% in 2025.

00:08I mean, that is a remarkable turnaround from a contraction last year

00:12and given the fact that the country has been totally cut off from the rest of the world economy.

00:17I might even disagree with the World Bank.

00:19This estimate of 1% is, I don't think it's accurate and can't be accurate

00:24because if we were minus 4%, if right now we are at 1%,

00:31then we improve 5% economic growth, not 1%.

00:35And even the ministers right now, they don't have the data to show how much we grow so far.

00:42So I think that was just an estimate and at a very early stage,

00:47usually you have to have the first quarter economic growth, second quarter economic growth.

00:52We are done with Syrian regime six months ago.

00:54So that's just an estimate and I believe we won't really know the economic growth

01:00accurately till the end of the year and that's what we're working on.

01:03Would you agree with the plus sign in front of the number?

01:06Plus for sure, but not one for sure.

01:09I'm sure more than 1%.

01:31Yeah.

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