|
BEIRUT, Nov. 17-- Lebanese economists warned that Lebanon's economy is going onto a dangerous path due to the delay in forming a new government capable of restoring confidence in the country. Mounir Rached, president of the Lebanese Economic Association, told Xinhua that the current paralysis amid an absence of a government capable of making crucial decisions will cause further economic and financial deterioration. "There is a paralysis in the government. The 2020 state budget has stopped and officials are incapable of giving people their demands," he said. Nassib Ghobril, economist and head of the economic research department at Byblos Bank, said that there are pressing economic, financial and social needs to be addressed and further delay in the formation of an effective government will only cause more harm to the country's economy. Lebanon has been witnessing for the past month nationwide protests against the current political ruling class and its failing policies which led to an economic and financial deterioration in the country. The protests led to the toppling of Lebanese Prime Minister Saad Hariri's government 12 days after the beginning of the demonstrations. The protesters vowed not to leave the streets before they see the formation of a government with new figures capable of implementing serious reforms, including the fight against corruption and the recuperation of stolen public funds. | 
