July 2020. An unprecedented economic crisis in Lebanon has pushed tens of thousands people into poverty and triggered the largest anti-government protests the country has seen in more than a decade. Even before the coronavirus pandemic at the start of this year, Lebanon seemed to be headed for a crash. Its public debt-to-gross domestic product… Continue reading Jul 2020. The Lebanon Crisis
Tag: Economic Crisis
Jul 2020. The Lebanon Crisis
July 2020. Hundreds of demonstrators angered by a deepening economic crisis rallied across Lebanon for a third consecutive day on Saturday, after violent overnight riots sparked condemnation from the political elite. Protesting against the surging cost of living and the government’s apparent impotence in the face of Lebanon’s worst economic turmoil since the 1975-1990 civil… Continue reading Jul 2020. The Lebanon Crisis
Jun 2020. The Economic Crisis in Lebanon
June 2020. Major retailers in Lebanon announced Thursday they will temporarily shut down in the face of an increasingly volatile currency market and their inability to set prices while the Lebanese pound plunges against the dollar. Later in the day, owners of the businesses rallied in central Beirut to denounce the government’s inability to handle… Continue reading Jun 2020. The Economic Crisis in Lebanon