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Special edition: Lebanon grapples with worst economic meltdown in years

by The Editor
July 14, 2020
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Special edition: Lebanon grapples with worst economic meltdown in years
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Issued on: 14/07/2020 – 18:37Modified: 14/07/2020 – 18:41

In this week's show we're turning our attention to Lebanon, a country whose economy has been pushed to the brink of collapse. The Lebanese pound has lost 85 percent of its value since anti-government protests broke out last October. Decades of government corruption and financial mismanagement has resulted in Lebanon reaching a dire situation. We take a closer look at how the crisis is affecting ordinary people.

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When anti-government protests broke out in Lebanon last year, people on the streets said they wanted those in power to look like them. But the power-sharing arrangement in the country is complicated because the political structure is divided along sectarian lines. We find out more with political scientist Aurélie Daher.

As the economic situation worsens, the engine of Lebanon's economy –its middle class – is being hit hard. Staples like beef and chicken have become too expensive, and everyday commodities like laundry detergent and nappies have also become unaffordable. These ecoRead More – Source

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