Oil prices rise as Assad's regime in Syria is toppled.

Hello, this is the Marketplace Morning Report, and we're live from the BBC World Service.

I'm Leanna Byrne. Good morning.

The price of oil has ticked up after a dramatic weekend in Syria.

President Bashir al-Assad fled the country following a rebelence that took control of the capital Damascus,

ending his family's 50-year rule.

The news sparked celebrations in Syria and reactions on the financial markets.

So what does this mean for Syria's economy?

The BBC's Katie Silver takes a look.

According to official statistics, it says that Syria's gross domestic product or GDP

shrank by about 54% between 2010 and 2021. But the World Bank says that this may not even capture

the problem enough. It's said, for example, it predicted that GDP this year was likely to contract

about 1.5% extending the 1.2% decline in 2023. Basically,

people there aren't consuming and investors with a volatile security situation just haven't

been investing. It's also meant significant amounts of poverty, about 70% of the population

predicted really to be in poverty. It's about 14 and a half million

Syrians. Now, some of the challenges going forward are the ongoing sanctions, exactly how

they're going to be able to afford enough oil to fuel the economy, as well as getting private

sector investors back on board. Some analysts predicting that it could take about a decade to

recover and get back to

the levels of economic growth that we saw back in 2011. Katie Silver reporting. Now, let's

to the numbers. Another factor driving up oil prices is the latest stimulus measure is being

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