Economy of Lebanon - Wikipedia
Lebanon has a strong tradition of laissez-faire, with the country's constitution stating that "the economic system is free and ensures private initiative and the right to private property". The major economic sectors include metal products, banking, agriculture, chemicals, and …
Lebanon Overview: Development news, research, data | World Bank
Nov 2, 2022 · The Spring 2021 Lebanon Economic Monitor found that Lebanon’s economic and financial crisis ranks among the worst economic crises globally since the mid-nineteenth century. Nominal GDP plummeted from close to US$52 billion …
Lebanon’s Economic Contraction Deepens, Highlighting Critical …
Dec 10, 2024 · The LEM finds that Lebanon key economic indicators—including GDP growth, inflation, fiscal balance, and trade deficits—are increasingly skewed toward the downside. It highlights the fragility of the exchange rate stability, observed since August 2023, which comes at a high opportunity cost.
Lebanon - Economy, Trade, Agriculture | Britannica
5 days ago · Despite Lebanon’s uneasy economic recovery, its economy remained resilient in the face of the 2008 global economic recession. Increased domestic security contributed to investment and growth, while its small export base insulated …
Lebanon’s Fragile Economy Pulled Back into Recession - World Bank …
Dec 21, 2023 · With the onset of the current conflict and in the absence of broader economic stabilization, Lebanon’s economy is now projected to be back in recession in 2023. Macroeconomic imbalances also persist, as the current account remains in sizeable deficit of 12.8 percent of GDP.
Lebanon - United States Department of State
In its Fall 2023 Lebanon Economic Monitor, the World Bank noted that “by 2022 and early 2023, the [Lebanese] economy was able to find a temporary bottom following years of sharp contraction, thanks to tourism and sizeable remittance,” while cautioning that “Lebanon’s reliance on tourism and remittance inflows is neither a viable ...
Lebanon: Food insecurity deepens following conflict, new ... - UN …
1 day ago · The Lebanese economy has shrunk by 34 per cent since 2019, with key sectors such as agriculture, tourism and trade badly affected. The destruction of agricultural land and assets during the fighting, including the burning of 12,000 hectares of farmland, has caused losses exceeding $1 billion in the sector alone.
Lebanon’s economy had been in crisis. Then Israel invaded
Nov 26, 2024 · Lebanon’s economic crisis was rooted in years of financial mismanagement and corruption but was aggravated by events including the 2020 Beirut port blast and Covid-19 pandemic.
Lebanon | Data - World Bank Data
Lebanon Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
Lebanon Economic Monitor - Fall 2024: Mounting Burdens on a …
Dec 10, 2024 · The LEM finds that Lebanon key economic indicators—including GDP growth, inflation, fiscal balance, and trade deficits—are increasingly skewed toward the downside.