Publication:
Lebanon Economic Monitor, Fall 2023: In the Grip of a New Crisis

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-12-21T13:58:33Z
dc.date.available2023-12-21T13:58:33Z
dc.date.issued2023-12-21
dc.description.abstractLebanon is hit by yet another crisis: the spillover effects of the conflict in the Middle East. While the country remains mired in political and institutional vacuum, and a crippling socioeconomic crisis for over four years, it has now been hit by another large shock: fear that the current conflict centered in Gaza could escalate further into Lebanon. By 2022 and early 2023, the economy was able to find a temporary bottom following years of sharp contraction, thanks to tourism and sizeable remittances. The temporary bottoming out helped the exchange rate to also stabilize temporarily. With the onset of the current conflict, Lebanon’s economy is projected to be back in recession in 2023. This special focus assesses the impact of the current conflict and its spillovers on Lebanon’s economy. Assuming that the current situation of containment of military confrontation to the southern borders persists, the economy is estimated to contract in 2023, primarily due to the shock to tourism spending.en
dc.identifierhttp://documents.worldbank.org/curated/en/099518112202340074/IDU1cbb9a9271d02b14f6a18d8c1cd99718adaaf
dc.identifier.doi10.1596/40785
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40785
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectCONFLICT
dc.subjectMIDDLE EAST
dc.subjectRECESSION
dc.subjectMONEY AND BANKING
dc.titleLebanon Economic Monitor, Fall 2023en
dc.title.subtitleIn the Grip of a New Crisisen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleLebanon Economic Monitor, Fall 2023: In the Grip of a New Crisis
okr.date.disclosure2023-12-21
okr.date.lastmodified2023-12-21T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099518112202340074/IDU1cbb9a9271d02b14f6a18d8c1cd99718adaaf
okr.guid099518112202340074
okr.identifier.docmidIDU-cbb9a927-d02b-4f6a-8d8c-cd99718adaaf
okr.identifier.doihttp://dx.doi.org/10.1596/40785
okr.identifier.externaldocumentum34221277
okr.identifier.internaldocumentum34221277
okr.identifier.report186578
okr.import.id2667
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099518112202340074/pdf/IDU1cbb9a9271d02b14f6a18d8c1cd99718adaaf.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryLebanon
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicConflict and Development::Armed Conflict
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitMNA External Affairs (ECRMN)
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