. Inside Lebanon’s Worst Economic Meltdown in More Than a Century « JO LEE MAGAZINE

The New York Times – Lebanon, a small Mediterranean country still haunted by a 15-year civil war that ended in 1990, is in the throes of a financial collapse that the World Bank has said could rank among the world’s worst since the mid-1800s.

Since fall 2019, the Lebanese pound has lost 90 percent of its value, and annual inflation in 2020 was 84.9 percent. As of June, prices of consumer goods had nearly quadrupled in the previous two years, according to government statistics.

Very relevant article in NYT





Comments are closed.

 

 


hey