Lebanese Business Groups Warn of Economic Decline

The Lebanese Companies Gathering expressed deep concern over the World Bank report's forecast that the Lebanese economy will contract by more than 6% in 2026, warning of the repercussions this will have on companies' ability to withstand the crisis after many years of hardship. It also condemned the government's rejection of imposing new taxes such as the "environmental fee" and import tariffs, while calling for the suspension of these taxes, which harm consumers and the economy in general. Additionally, it emphasized the importance of quickly resolving the end-of-service compensation settlements in social security, and making further progress in Lebanon's negotiations with the International Monetary Fund to restore the banking sector and stabilize the economy.

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