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Lebanon's financial crisis among the worst in the world


alsemanche

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alsemanche

According to a new report by the World Bank:

"The Lebanon financial and economic crisis is likely to rank in the top 10, possibly top three, most severe crises episodes globally since the mid-nineteenth century. 

In fact, Lebanon’s GDP plummeted from close to US$ 55 billion in 2018 to an estimated US$ 33 billion in 2020, with US$ GDP/ capita falling by around 40 percent.

This illustrates the magnitude of the economic depression that the country is enduring, with sadly no clear turning point on the horizon, given the disastrous deliberate policy inaction.

The social impact of the crisis, which is already dire, could rapidly become catastrophic; more than half the population is likely below the national poverty line."

Source

We really are f*cked :selena:

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littlepotter

LOVE my country, always making us proud :flutter:

chaeri pls
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alsemanche
1 hour ago, Jay.P said:

Ugh I want to get out of this country so bad :saladga:

same sis, same 

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auburn

Coming for the number one spot. Outselling all your faves. 

I'm so happy I'm leaving. August can't come sooner. 

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alsemanche
1 hour ago, littlepotter said:

One of the worst non-nuclear explosions AND one of the worst crises, who's doing it like us :giveup:

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