{"id":43070,"date":"2023-05-29T12:43:28","date_gmt":"2023-05-29T10:43:28","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&#038;p=43070"},"modified":"2023-05-29T12:43:31","modified_gmt":"2023-05-29T10:43:31","slug":"lebanon-the-weight-of-the-lebanese-economy-in-cash-dollars-would-be-estimated-at-10-billion-dollars","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2023\/05\/29\/lebanon-the-weight-of-the-lebanese-economy-in-cash-dollars-would-be-estimated-at-10-billion-dollars\/","title":{"rendered":"Lebanon: The weight of the Lebanese economy in cash dollars would be estimated at 10 billion dollars\u00a0"},"content":"\n  \n    \n      \nEstimated at USD 4.5 billion in 2020 (14% of GDP) then at USD 6.1 billion in 2021 (26% of GDP), the cash economy would have represented USD 9.9 billion in 2022 (46% of GDP ). Most of the increase in the size of the cash economy in 2022 compared to 2021 is attributed by the World Bank to a slowdown in capital flight.\n\n    \n  \n\n\n  \n    \n      \nThe size of the cash economy relative to GDP is also significantly larger in 2022 than in 2021 due to the decline in GDP. These estimates are based on a number of assumptions and should be interpreted with caution.\n\n    \n  \n\n\n  \n    \n\t\t\t\t\t\n\n\t\t    \n  \n\n\n  \n    \n      \nAccording to the World Bank, the development of the cash economy increases the risk of money laundering, increases the share of the informal economy and facilitates tax evasion.\n\n    \n  \n\n\n  \n    \n      \nSource: World Bank\n\n    \n  \n\n","author":15,"featured_media":38986,"comment_status":"open","ping_status":"closed","template":"","tags":[5781,5751,6416],"location":[5628],"class_list":["post-43070","news","type-news","status-publish","has-post-thumbnail","hentry","tag-bank","tag-economy","tag-world-bank","location-lebanon"],"short_url":"https:\/\/bit.ly\/3oEwHby","have_related_news":"done","chapo":"In its latest Lebanon Economic Monitor report, entitled The Normalization Of Crisis Is No Road For Stabilization and published on May 16, the World Bank attempts to estimate the size of the cash economy in Lebanon, i.e. the total value of transactions carried out in cash in dollars in the country.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/07\/liban-lete-sannonce-tres-prometteur-en-matiere-de-tourisme-avec-15-million-de-visiteurs-attendus-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/07\/liban-lete-sannonce-tres-prometteur-en-matiere-de-tourisme-avec-15-million-de-visiteurs-attendus-550x360.png 550w","sizes":"550px","alt":"Liban : L\u2019\u00e9t\u00e9 s\u2019annonce tr\u00e8s prometteur en mati\u00e8re de tourisme avec 1,5 million de visiteurs attendus\u00a0","width":550,"height":360,"ratio":0.7,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/07\/liban-lete-sannonce-tres-prometteur-en-matiere-de-tourisme-avec-15-million-de-visiteurs-attendus-937x658.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/07\/liban-lete-sannonce-tres-prometteur-en-matiere-de-tourisme-avec-15-million-de-visiteurs-attendus-937x658.png 1170w","sizes":"1170px","alt":"Liban : L\u2019\u00e9t\u00e9 s\u2019annonce tr\u00e8s prometteur en mati\u00e8re de tourisme avec 1,5 million de visiteurs attendus\u00a0","width":1170,"height":658,"ratio":0.7,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - 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