In Lebanon, the economic crisis and inflation suffocate households
The economic crisis that has struck Lebanon since 2019 is further aggravated. The resumption of the war between Israel and Hezbollah slowed down the fragile recovery recorded last year. The World Bank expects the Lebanese economy to contract 6.4 per cent this year, while inflation would be around 17.5 per cent. In this context, inequality deepens and crosses all areas of daily life, from households to businesses and consumption habits. Serge Berberi and Renée Davis report for France 24.
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In Lebanon, the economic crisis and inflation suffocate households — Image credit: France 24 (Español)
The economic crisis that has struck Lebanon since 2019 is further aggravated. The resumption of the war between Israel and Hezbollah slowed down the fragile recovery recorded last year. The World Bank expects the Lebanese economy to contract 6.4 per cent this year, while inflation would be around 17.5 per cent. In this context, inequality deepens and crosses all areas of daily life, from households to businesses and consumption habits. Serge Berberi and Renée Davis report for France 24.
