Lebanon Businessnews News
 

Just how bad is
the economic crisis?
Reuters
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Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country's paralyzed financial system, underlining desperation among citizens unable to access savings since an economic crisis began in 2019.

There were similar incidents in Beirut in August and in eastern Lebanon in January.

The result of years of state corruption, waste and unsustainable financial policies, the World Bank says the crisis is one of the worst globally since the mid-19th century.
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Date Posted: Sep 15, 2022
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