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The Lebanese Economy Could Shrink by 7% Depending on the Duration of the War.
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Rana Saarti wrote in Nidaa Al Watan: The Institute of International Finance (IIF) predicted that Lebanon’s GDP would contract by 3 to 4 percent if hostilities remained relatively contained, and that the contraction would exceed 7 percent if skirmishes and military hostilities escalated. In its latest report on the ongoing war in the Middle East, the IIF stated that under a containment scenario, military skirmishes are likely to continue but will…
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