Lebanon’s 2019 austerity measures: enough to restore confidence? - Economic Research Forum (ERF)

Lebanon’s 2019 austerity measures: enough to restore confidence?

Lebanon’s 2019 austerity measures: enough to restore confidence?

Lebanon has entered the danger zone of high public indebtedness. As this column explains, this could seriously compromise the credibility and sustainability of the fixed exchange rate regime and may spark renewed inflationary pressures. Proposed austerity measures are unlikely to be enough to restore confidence in the country’s economy.. read more