The World Bank accused Lebanon’s political class of orchestrating the country's economic collapse, warning in a report released Tuesday that the meltdown is a long-term threat to the small Mideast nation.
The World Bank's Lebanon Economic Monitor showed the country's gross domestic product plummeted from close to $52 billion in 2019 to a projected $21.8 billion in 2021, marking a more than 58% contraction. That's the biggest contraction of the 193 countries listed by the publication.
