Summary
Banks are implementing capital controls, albeit illegally, as this isn't permissible without legislation.
If a government is formed in the next few days, Lebanon will need years to get out of the crisis it has plunged into.
One senior banking source said Lebanon's growth reached minus 0.2 percent in 2019 .
While many may claim that Lebanon has hit rock-bottom, this is not entirely accurate. But in a few weeks' time, if politicians don't get their act together to convene for an economic plan, it will.
As Lebanon faces its worst economic crisis since the 15-year-long Civil War, and the international community asking what it can or should do, the answer is pressing for an economic plan that will prevent an all-out economic collapse that may lead to an all-out security collapse, i.e. war.
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