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Reforms key to averting negative economic growth

Osama Habib- The failure of the political class to implement reforms and the one month long anti-government protests have pushed the country’s economy to the brink of collapse as some economists predicted that GDP growth would drop below zero percent at the end of 2019 if no major breakthrough occurs by then. The International Monetary Fund projected in October that Lebanon’s GDP growth in 2019 would drop to 0.2 percent from the previously forecast of 1.3 percent. But other economists warned that government paralysis, which was compounded by 35 days of continuous protests, could bring GDP growth to less than zero percent.
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