Home Economics & PolicyLebanon’s economy weathers a tough 2016

Lebanon’s economy weathers a tough 2016

by Jeremy Arbid

If there is one resolution Lebanon can commit to this coming new year, it is making good on the opportunity for a fresh start, to restart government institutions and implement sound policies that will guide the country toward a more promising future. A sputtering Lebanese economy, exasperated by a disruption in regional trading due to the ongoing civil war in neighboring Syria, the refugee crisis it has perpetuated, the deterioration of public services like garbage collection and electricity because of an impotent government and American financial sanctions targeting Hezbollah, among many more crises, brought Lebanon to the brink of state failure in 2016. With the election of a president in October, there could be a way out of the darkness, and if the almost two and a half year political stalemate is nearing an end, then the question on many minds is: what steps can a new government take to

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