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World Bank Projects Gaza War Could Push Lebanon Back Into Recession

The ripple effects of the war in Gaza are likely to knock Lebanon’s fragile economy, which had begun making a tepid recovery after years of crisis, back into recession, the World Bank said in a report released Thursday. Before the outbreak of the ongoing Israel-Hamas war on Oct. 7, the World Bank had projected that Lebanon's economy would grow in 2023, by a meager 0.2%, for the first time since 2018, driven largely by remittances sent from Lebanese working abroad and by an uptick in tourism, The Associated Press reported.

Israel-Hamas War Could Push Lebanon Back Into Recession: World Bank

Israel-Hamas War Could Push Lebanon Back Into Recession: World Bank
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

World Bank Projects Israel-Hamas War Could Push Lebanon Back into Recession

The World Bank had projected that the economy will grow in 2023 by a meagre 0.2%, for the first time since 2018, driven largely by remittances sent from those working abroad and an uptick in tourism

World Bank projects that Israel-Hamas war could push Lebanon back into recession

World Bank projects that Israel-Hamas war could push Lebanon back into recession
sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.

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