A roadmap to recovery

ENAR

There is one question on everyone’s mind: Is there still a way out of the current crisis or are we going to fall into an abyss with an intense deterioration of all economic indicators that could lead to dire consequences? A summary of the current economic situation will help us analyze its sustainability.  Then we can try to find a way out of the crisis with the least damage to the economy. The protests accelerated what was already a deteriorating economic and financial environment. The protests on the street accentuated panic among the population, with the resignation of Prime Minister Saad Hariri being the cherry on the top. When banks opened following 14 days of closure, people rushed to withdraw and/or transfer their deposits into dollars or outside the country. Banks were obliged to adopt further restrictions in order to maintain financial stability for the longest possible time.  No banking