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Situation Report From Lebanon
July 16, 2021
According to the World Bank, Lebanon currently faces one of the worst economic and financial crises anywhere on the planet. Beginning in 2019, the Lebanese pound’s (LBP) value decreased by 90%. Lebanon’s GDP contracted 6.7% in 2019 and 20.3% in 2020, and in 2021, the GDP is expected to contract 9.5%.