Economic crisis deepens in Lebanon

Lebanon's economic crisis, which began in 2019, has worsened due to renewed conflict between Israel and Hezbollah, as well as rising tensions in the region. These developments have undermined a slight recovery that was seen in the previous year.

World Bank predicts economic contraction

The World Bank has revised its forecast for Lebanon's economy, predicting a contraction of 6.4 percent this year. This follows a period of declining economic performance and increasing financial instability.

Inflation rates climb sharply

Inflation in Lebanon is expected to reach approximately 17.5 percent this year, adding to the financial strain on households and businesses. This follows years of high inflation that have eroded purchasing power and savings.

Daily life shows growing disparities

The economic challenges are reflected in everyday life, where differences in access to resources and stability are becoming more pronounced. These disparities affect households, businesses, and overall consumption patterns across the country.

Report by Serge Berberi

This report is provided by our correspondent, Serge Berberi, who is covering the ongoing developments in Lebanon's economic and political landscape.