October 10 - 23, 2020
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GDP will shrink by
more than 20 percent
The decline in private consumption is main reason
The Gross Domestic Product (GDP) is forecasted to drop by more than 20 percent on average according to various estimations by international entities, with estimates ranging from 17 to 26 percent.

According to the World Bank’s ‘Beirut Rapid Damage and Needs Assessment’ report, the explosion at the Port of Beirut is estimated to negatively impact GDP by an additional 0.4 percent in 2020 and another 0.6 percent in 2021, due to losses in stock and physical capital.

Potential import constraints could lower the growth rate by an additi
Raya Haffar El Hassan Bankmed Chairperson
Michel Accad confirmed as CEO
Funding program for
grape cultivation startups
Bank Audi to exit London Stock
Exchange on low trading volume
Other local and international press coverage
on business and economic stories on Lebanon

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