12 Hrs
Source:
اقتصاد
اقتصاد
Ready to play
Ready to play
Lebanon’s economy is facing mounting pressure from the war and regional turmoil, which have driven up fuel, shipping and basic-goods prices and weakened economic activity, compounding the effects of the financial crisis that has persisted since 2019. The World Bank expects GDP to contract by 6.4% in 2026, with inflation exceeding 17%. Fuel and fertiliser prices have doubled, agricultural labour costs have quintupled, and crop prices have fallen by half. These conditions are intensifying pressure on households, businesses and the government, amid public and union demands for fiscal reforms, higher wages and improved purchasing power.
Notice: This Is an AI-Generated Summary
Comments (0)