>> Its economy has been stagnant for years, but now things might be about to get even worse for Lebanon. High interest rates, falling house prices, and questions about the currency adding to the malaise. All this while the country struggles to form a new government, three months after its general election.
has been engaged for two years.
Residents say Lebanon's economy has seldom felt more precarious. Without a new government, the country can't implement the fiscal reforms needed to get public debts under control, or unlock billions of dollars in pledged foreign investment in infrastructure to get the economy moving. Jesse
Her wedding was fixed for next month, but interest rates started to rise, and government incentives for banks to offer housing loans were scaled back. She and her fiance can no longer afford this house they were planning to buy. And now they've had to cancel their wedding.>> We were already booking everyting for the wedding, the roses, restaurant, the church, everyting.
We paid a deposit of $6,000, so how could we get it back? Politics here may be driven by deep divisions.>> But all the ordinary Lebanese people that Reuters spoke to agreed on one thing, the country needs a govenment.