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Lebanon Economic Monitor, Spring 2025: Turning the Tide?

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dc.contributor.authorWorld Bank
dc.date.accessioned2025-06-20T14:10:36Z
dc.date.available2025-06-20T14:10:36Z
dc.date.issued2025-06-20
dc.description.abstractLebanon’s economic outlook for 2025 is shaped by a fragile stabilization in the political and security environment. This follows the end of the conflict and the resolution of a two year political paralysis with the election of a president and the formation of a reform-oriented government. While this renewed momentum presents an opportunity to begin addressing Lebanon’s overlapping financial, economic, and institutional crises, the outlook remains highly contingent on sustained improvements in the security situation and tangible progress on key reforms. The real GDP contraction for 2024 has been revised downward to 7.1 percent, bringing the cumulative decline since 2019 to nearly 40 percent. The conflict and its aftermath have exacerbated poverty and vulnerability in Lebanon. Agriculture, commerce, and tourism, sectors accounting for 77 percent of economic losses, are key income sources for low-wage and informal workers now at risk. Reconstruction efforts remain slow, constrained by Lebanon’s ongoing financial crisis and a lack of external financing, which is unlikely to materialize without comprehensive reforms. Drawing on two decades of policy dialogue, technical assistance, and World Bank-financed projects, the Special Focus offers a contribution to the government’s reform agenda by outlining a targeted one-year policy action plan. The ministerial statement sets out four high-level overarching priorities: (i) halting financial and economic deterioration and identifying growth enablers; (ii) strengthening social security; (iii) combating waste and corruption; and (iv) preparing a fair parliamentary elections law (the latter falls outside the scope of the Special Focus). To support government reform, the Special Focus offers a comprehensive one-year policy action plan that brings together and distills key lessons from years of World Bank engagement and policy dialogue in Lebanon into a set of feasible, high-impact actions that align with the government’s stated objectives and can be implemented within its limited tenure. Proposed policy actions prioritized restoring macro-financial stability, rebuilding citizens’ trust, and laying the foundation for a new, successful economic development model.en
dc.identifierhttp://documents.worldbank.org/curated/en/099742206192539590
dc.identifier.doihttps://doi.org/10.1596/43357
dc.identifier.urihttps://hdl.handle.net/10986/43357
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.subjectECONOMIC GROWTH
dc.subjectFRAGILE AND CONFLICT-AFFECTED STATES
dc.subjectPOLITICAL AND SECURITY ENVIRONMENT
dc.subjectREAL GDP CONTRACTION
dc.subjectPOVERTY AND VULNERABILITY
dc.titleLebanon Economic Monitor, Spring 2025en
dc.title.subtitleTurning the Tide?en
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-06-20
okr.date.doiregistration2025-06-22T02:10:19.856162Z
okr.date.lastmodified2025-06-20T12:05:04Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099742206192539590
okr.guid099742206192539590
okr.identifier.docmidIDU-f35755fe-e2d7-4d28-9186-9e6e12a6cf64
okr.identifier.externaldocumentum40022975
okr.identifier.internaldocumentum40022975
okr.identifier.report202396
okr.import.id7728
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099742206192539590/pdf/IDU-f35755fe-e2d7-4d28-9186-9e6e12a6cf64.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryLebanon
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Modeling and Statistics
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicPoverty Reduction::Poverty and Policy
okr.unitECRMN - MNA External Affairs
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