Press Today

Unpopular, painful reforms unavoidable

Osama Habib- The Lebanese government has no choice but to expeditiously implement radical and unpopular reforms to avoid total financial and economic collapse in the near future, economists and bankers warned Wednesday. “The measures in the 2019 budget were below expectations and disappointing and did not create the positive shock that the market expected. Now the government needs to take bold, decisive and credible measures that would convince the market that they are serious about reforms,” Nassib Ghobril, the head of the economic research department at Byblos Bank, told The Daily Star.
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