Lebanon’s long economic contraction continued in 2022, albeit at a slower pace than in previous years. The deceleration in economic contraction in 2022 is largely owed to a base effect (referred to as a technical deceleration in economic contraction).
Following a cumulative four-year contraction of 37.2 percent of Gross Domestic Product (GDP) (2018–2021), real GDP is estimated to have declined by 2.6 percent in 2022. The BLOM-PMI index (purchasing...
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DETAILS
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2023/05/15
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Report
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182128
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1
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2023/05/16
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Disclosed
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Lebanon Economic Monitor - Spring 2023 : The Normalization of Crisis Is No Road for Stabilization : Executive Summary
Citation
World Bank.
Lebanon Economic Monitor - Spring 2023 : The Normalization of Crisis Is No Road for Stabilization : Executive Summary (Arabic). Lebanon Economic Monitor Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099031305152340938