LEBANON: POWER VACUUM DRIVES HEIGHTENED RISK OF CIVIL UNREST AND ECONOMIC VOLATILITY

   Wed, 07 June 2023

Lebanon finds itself trapped in a state of governmental paralysis, as the country continues to grapple with a prolonged presidential vacuum that began in October 2022. The absence of a functioning government and ongoing divisions between political parties have resulted in a lack of progress on crucial reforms and policy decisions. Consequently, Lebanon's economy is caught in a downward spiral, with currency depreciation, soaring inflation, and mounting economic challenges taking a heavy toll on its citizens. The prospects for improvement remain bleak as the political will to implement the necessary reforms remains elusive, casting a cloud of uncertainty over the country's future.

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