Inflationary Spirals and Cost of Living Challenges: The Economic Consequences of the Syrian Refugee Crisis in Lebanon

Mohamad Zreik
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Mohamad Zreik: University of Cambridge

Chapter Chapter 5 in The Syrian Refugee Crisis and Lebanon's Economic Landscape, 2024, pp 65-79 from Springer

Abstract: Abstract This chapter delves into the inflationary pressures and escalating cost of living challenges that have emerged in Lebanon as a direct consequence of the Syrian refugee crisis. It systematically explores how the increased demand for goods and services, fuelled by the sudden surge in population, has led to significant price hikes across various sectors. This chapter analyses the impact on housing, food prices, and other basic necessities, highlighting the strain on both the Lebanese host communities and the refugee population. Furthermore, it examines the broader economic implications of these inflationary trends, including their effects on consumption patterns, poverty rates, and overall economic stability. Through a combination of quantitative data, policy analysis, and real-life case studies, this chapter provides a comprehensive overview of the inflationary dynamics at play, offering insights into potential policy responses and mitigation strategies.

Keywords: Inflation; Cost of living; Economic stability; Consumption patterns; Policy responses (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-68471-5_5

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DOI: 10.1007/978-3-031-68471-5_5

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