Inflation squeezes households as Lebanon's economic crisis persists
Lebanon's economic crisis has dragged on since 2019.
France 24 reports: Lebanon's economic crisis has dragged on since 2019.
A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation expected to reach around 17.5 percent.
This business story centres on Lebanon. Names and organisations mentioned in the coverage include Israel, Hezbollah and World Bank.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- Lebanon · Middle East
- Reported by
- France 24
- First reported
- Key names
- Israel, Hezbollah, World Bank, Lebanese
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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