Stuck in a rut

Arabian Business

Lebanon is facing extreme economic conditions that are among the most challenging since the end of the 1975 -1989 civil war. In recent months, the economic forecast seems to be taking a turn for the worst, with recent EU and GCC decisions to place Hezbollah, one of Lebanon’s main political factions, on the terror list.

The country is also facing disastrous economic figures. “GDP for this year is estimated at between 1 percent to 1.5 percent due to the weakening of domestic economic activity and the prospects of increased instability,” points out Lebanese economist Dr Ghazi Wazni.

Source: Arabian Business FULL STORY