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Business Daily

Syria's broken economy

Sep 14, 2023
17:28
Snipd AI
A Syrian economist and a former advisor to President al-Assad discuss the dire economic situation in government-controlled Syria, including lack of electricity, high inflation rates, and unemployment. The podcast also covers the ongoing protests in Sueda, Syria, as citizens demand basic needs and express their determination for political change.
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Podcast summary created with Snipd AI

Quick takeaways

  • The Syrian economy has been severely impacted by the civil war, leading to skyrocketing inflation rates and high unemployment.
  • Protesters in the city of Sowader demand dignified living conditions, access to basic services, and political change.

Deep dives

Economic Hardship in Syria

The Syrian economy has been severely impacted by nearly 12 years of civil war, with the situation deteriorating further in recent months. Inflation rates have skyrocketed, reaching a staggering 17,000%, and the unemployment rate is above 25%. The economic hardship has led to a dire situation where people struggle to afford basic necessities. The average monthly salary is insufficient to cover even a single meal, causing widespread frustration and despair among the population.

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