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publicationMay 16, 2023

Lebanon Economic Monitor, Spring 2023: The Normalization of Crisis is No Road for Stabilization

Lebanon Economic Monitor MENA May 2023

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The Spring 2023 issue of the Lebanon Economic Monitor (LEM) titled "" provides an update of recent economic developments and assesses the economic outlook and risks within a continuous context of uncertainty and a political stalemate. It examines the continuous decline in the Lebanese economy amidst a normalization of the state of the crisis, markedly distant from a stabilization path, let alone a recovery path.

The LEM Spring 2023 Special Focus section titled “Gauging the size of the Cash Economy in Lebanon” examines the growing dollarized cash-based economy and its impact on the effectiveness of fiscal and monetary policy and on the recovery prospects.

  • (Full Report in a PDF Format)
  • Annex:  (in a PDF Format)