Lebanon is in Crisis. While it is too early to gauge the economic impact of recent events, it is important to note that even prior to the eruption of the demonstrations, the World Bank projected a small recession in 2019; we now estimate that the recession will be deeper. There has been an unprecedented banking holiday, with banks closed over October 18-31 for retail and other transactions, reopening thereafter with informal capital controls and other...
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2019/09/01
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Working Paper
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145454
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2
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2020/01/27
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Disclosed
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Executive Summary
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Citation
Harake,Wissam; Abou Hamde,Naji.
Lebanon Economic Monitor : So When Gravity Beckons, the Poor Don't Fall (Vol. 2 of 2) : Executive Summary (Arabic). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/172151580147769408