(The Daily Star/Hasan Shaaban)
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After seven years of continuous unrest in Syria, and with more than a million refugees displaced to Lebanon, the economic impact is no doubt considerable, particularly on Lebanon's most important sectors – real estate, tourism and services. At the Monroe Hotel Tuesday, Jennifer Abu Mrad and her colleagues from the economic research center InfoPro held a presentation for economists and policymakers to share the release of a comprehensive study titled "Economic impact of the Syrian crisis on Lebanon". Overall, Lebanon experienced a $19.5 billion loss.Prior to the crisis, Lebanon's GDP was growing by 9 percent, which by 2012 had dropped to around 3 percent, and has stagnated since. With Lebanon hosting a significant share of the Syrian refugee population, the country ranks as having the highest per capita proportion of refugees in the world.
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