Wages Have Increased and Economic Growth Has increased... Why Does Syria's Purchasing Power Decline?

aljazeera.net

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The Syrians suffer from a decline in their purchasing capacities despite increases in wages and higher economic growth, as a result of weak production and expansion of imports, which put pressure on the exchange rate of the Syrian pound.

Beirut 24

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Despite an increase in wages and expectations of growth in the Syrian economy by more than 10% during 2026, Syrians continue to suffer as purchasing power declines and the cost of living rises. Economists attribute this paradox to the widening gap between salaries and prices, rising energy, transport, and import costs, and weak domestic production and employment opportunities.