Home > Beirut explosion aftermaths: 'Probably in the top 10 economic crisis since the nineteenth century'

Beirut explosion aftermaths: 'Probably in the top 10 economic crisis since the nineteenth century'


Lebanon is enduring a severe and prolonged economic depression. According to the latest World Bank Lebanon Economic Monitor (LEM), the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes globally since the mid-nineteenth century. In the face of colossal challenges, continuous policy inaction and the absence of a fully functioning executive authority threaten already dire socio-economic conditions and a fragile social peace with no clear turning point in the horizon. France 24's International Affairs Commentator Douglas Herbert tells us more.

Added on the 04/08/2021 13:06:13 - Copyright : France 24 EN

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