The World Bank has refuted the anticipations of Banque du Liban (The Central Bank of Lebanon) of a 2 percent growth in GDP in 2022, expecting Lebanon to “contract by 5.4 percent in 2022 amid political paralysis and delays in implementing an economic recovery plan.”
“The depth and duration of the protracted crisis are reducing Lebanon’s potential for growth as its physical, human, social, institutional, and environmental capital is rapidly and potentially irreparably being depleted,” said Jean-Christophe Carret, World Bank Mashreq Country Director.
