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France 24
France 24
Politics
Serge BERBERI

Inflation squeezes households as Lebanon's economic crisis persists

Inflation Lebanon Hezbollah World Bank Economy Israel
Cover image: FOCUS © FRANCE 24

Lebanon's economic crisis has dragged on since 2019. A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation expected to reach around 17.5 percent. A growing divide is visible everywhere: in households, in businesses and even in consumer habits. Our correspondents Serge Berberi and Renée Davis report.

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