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Can Lebanon defy gravity forever?
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| Authors and Corporations: | , |
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| Type of Resource: | E-Book |
| Language: | English |
| published: | |
| Series: |
European economy ; 046 (June 2019)
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| Subjects: | |
| Source: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| ISBN: | 9789279773754 |
| License: |
Non-commercial reproduction is authorised provided the source is acknowledged. For any use or reproduction of material that is not under the EU copyright, permission must be sought directly from the copyright holders
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| Summary: | Lebanon's new government was finally agreed in January 2019, after an almost 9-month deadlock over political representation. As much of the reform momentum stemming from an international investors' conference in April 2018 has faded, the government is now facing the challenge to reinvigorate the reform agenda and make credible steps towards fiscal consolidation. While Lebanon has long been able to maintain a surprising level of resilience amidst high economic volatility and a tumultuous geopolitical environment, the pressure has been rising to tackle the large twin deficits, the very high level of public debt, and the protracted lack of competitiveness. As life-sustaining financial inflows have slowed down, Lebanon's past business model has come under scrutiny. Substantial fiscal consolidation and a credible plan for growth-enhancing structural and governance reforms would play an important role in rebuilding investors' confidence and pave the way for an economic recovery built on a solid foundation. |
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| Physical Description: | 1 Online-Ressource (circa 20 Seiten); Illustrationen |
| ISBN: | 9789279773754 |
| DOI: | 10.2765/0210 |
| Access: | Open Access |