LEBANON – ‘Deliberate depression’: World Bank’s dire warning on Lebanon (Al Jazeera)

Lebanon has been ravaged this year by an economic and financial crisis, the COVID-19 pandemic, and a deadly explosion at the Port of Beirut. Now, economists at the World Bank are warning that things will get much worse for the embattled nation before they get better, threatening the country’s stability.

The bank’s economists see Lebanon’s economy shrinking by a huge 19.2 percent in 2020 and a further 13.2 percent next year, while the country’s debt to GDP ratio is projected to reach a jaw-dropping 194 percent by the end of this year.

https://www.aljazeera.com/economy/2020/12/1/deliberate-depression-world-banks-dire-warning-on-lebanon

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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