File - Civil servants and public school teachers rally outside the Tourism Ministry in Hamra, Tuesday, May 13, 2014. (The Daily Star/Mohammad Azakir)
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The ongoing civil servants strike will have dire effects on the government's revenues and could widen the budget deficit if the salary scale issue is not solved soon, economists said Thursday.Public school teachers and civil servants have been staging strikes and sit-ins over the past six months to press parliament to pass the salary scale.Rock Muhanna, the dean of business and economics at Sagesse University, stressed that the strike has further exacerbated the economic problems of the country, which recorded GDP growth of 1.5 percent in 2013 .For now the impact of the vacuum in the presidency is limited, but the longer it lasts the GDP growth will become lower," Muhanna said.He added that the strike civil servants was especially likely to deal a blow to growth if it persisted. Wazni and Muhanna stressed that the strikes and the political deadlock will gravely affect the cost of doing business in Lebanon.
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