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Lebanon’s economy to contract amid ongoing armed conflict, as region faces challenging 2024: EBRD

Lebanon’s economy to contract amid ongoing armed conflict, as region faces challenging 2024: EBRD

  • Inflation, which had soared to a peak of 352 percent in March 2023, decreased to 35.4 percent by July 2024
  • Nonetheless, unemployment remains high, with over a third of the workforce without a job
By Miguel Hadchity ·