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Lebanon crisis among the world s worst: World Bank

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Lebanon crisis could rank among world s three worst in 150 years

Lebanon crisis could rank among world’s three worst in 150 years Al Jazeera Staff © The World Bank on Tuesday accused Lebanon s authorities of deliberately failing to mount an adequate. The World Bank on Tuesday accused Lebanon s authorities of deliberately failing to mount an adequate policy response to the country s economic and financial crisis [File: Hussein Malla/AP] Lebanon’s financial and economic crisis could rank as one of the world’s three most severe since the mid-19th century, concludes the latest Lebanon Economic Monitor released by the World Bank on Tuesday. Lebanon’s descent into what could end up being one of the top three worst crises in 150 years has been stunningly swift. The country’s gross domestic product (GDP) – which measures the total output of goods and services – nosedived from close to $55bn in 2018 to an estimated $33bn last year, the report noted, with GDP per capital plummeting by around 40 percent.

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