World Bank projects that Israel-Hamas war could push Lebanon back into recession
by Abby Sewell

The Associated Press    Translate This Article
21 December 2023

On 21 December 2023 The Associated Press reported: The ripple effects of the war in Gaza are likely to knock Lebanon's fragile economy, which had begun making a tepid recovery after years of crisis, back into recession, the World Bank said in a report released Thursday [21 December]. Global Good News service views this news as the failure of modern world peace and business systems. Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.

Before the outbreak of the ongoing Israel-Hamas war on Oct. 7, the World Bank had projected that Lebanon's economy would grow in 2023, by a meager 0.2 percent, for the first time since 2018, driven largely by remittances sent from Lebanese working abroad and by an uptick in tourism.

However, since the war in Gaza began, there have been near-daily clashes between the Lebanese militant group Hezbollah and Israeli forces along the Lebanon-Israel border, with fears of an escalation to a full-scale war. The tensions put a major damper on travel to Lebanon, at least temporarily.

To read the entire article click here

Global Good News comment:

Maharishi's Vedic Approach can solve the problems reflected in the above article and in all areas of life: agriculture, business, culture, education, government, and world peace. For more information please visit:
http://maharishi-programmes.globalgoodnews.com/

Every day Global Good News documents the rise of a better quality of life dawning in the world and highlights the need for introducing Natural Law based—Total Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.

Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google) Select a language English to Afrikaans English to Albanian English to Arabic English to Belarusian English to Bulgarian English to Catalan English to Chinese (Simplified) English to Chinese (Traditional) English to Croatian English to Czech English to Danish English to Dutch English to Estonian English to Filipino English to Finnish English to French English to Galician English to German English to Greek English to Hebrew English to Hindi English to Hungarian English to Icelandic English to Indonesian English to Irish English to Italian English to Japanese English to Korean English to Latvian English to Lithuanian English to Macedonian English to Malay English to Maltese English to Norwegian English to Persian English to Polish English to Portuguese English to Romanian English to Russian English to Serbian English to Slovak English to Slovenian English to Spanish English to Swahili English to Swedish English to Thai English to Turkish English to Ukrainian English to Vietnamese English to Welsh English to Yiddish

(Altavista babelfish) Select a languageEnglish to Chinese-simpEnglish to Chinese-tradEnglish to DutchEnglish to PortugueseEnglish to FrenchEnglish to GermanEnglish to GreekEnglish to ItalianEnglish to JapaneseEnglish to KoreanEnglish to RussianEnglish to Spanish