The World Bank has projected that Lebanon's economy will contract by 6.4 percent due to ongoing conflict with Israel, which has disrupted the country's economic recovery. The organization noted that inflation and consumer prices are on the rise as a result of the conflict.
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World Bank forecasts 6.4 percent contraction for Lebanon's economy
The World Bank has announced a forecast indicating that Lebanon's economy is expected to shrink by 6.4 percent, attributing this decline to the ongoing conflict with Israel. The situation has also led to increased inflation and consumer prices in the country.
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World Bank projects war-hit Lebanon’s economy to contract by 6.4 percent
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World Bank forecasts 6.4 percent contraction for Lebanon's economy