AMMAN (Reuters) - Lebanon's economy, already sinking before the explosion that knocked out its main port, could now shrink by double the rate previously forecast for this year, making it even harder to secure the financing the country needs to get back on its feet.
Economists say Tuesday's blast, which also damaged large parts of commercial Beirut, could lead to a GDP contraction of around 20-25% this year - far beyond the IMF's recent forecast for a 12% decline due to a deepening economic and political crisis.
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