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World Bank: Lebanon is witnessing one of the worst global economic crises

Beirut-ALsharqiya, June 1: The World Bank warned Tuesday that Lebanon's economic and financial crisis ranks among the ten most severe crises, and perhaps among the three worst since the mid-nineteenth century, criticizing the official failure to implement any rescue policy amid political paralysis. The World Bank expected that the real GDP in Lebanon will shrink by about ten percent in 2021, warning that in the face of these tremendous challenges, the continued failure to implement rescue policies, in the absence of an executive authority that fully performs its functions, threatens the already deteriorating social and economic conditions and social peace. fragile.

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