World Bank predicts setback for Lebanon's economy due to Gaza conflict


By [e]blt

BEIRUT, Dec. 21 (Xinhua) -- The repercussions of the Gaza conflict are likely to drag Lebanon's economy into recession from a slight recovery following years of crisis, according to a report published by the World Bank on Thursday.

The report, dubbed "In the Grip of a New Crisis," said the World Bank previously expected Lebanon's economy to slightly grow by around 0.2 percent in 2023 due to the vibrant summer tourism season and the significant inflow of remittances.

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