The economic tragedy of Lebanon

The economic tragedy of Lebanon

18 November 2019 02:13 pm

Lebanon is known as one of the most economically depressed countries in the world. In the face of this economic downturn, rising tax burdens and political instability, Lebanese people have taken to the streets and protested, demanding prompt economic reforms. 

Meanwhile, Lebanon's Speaker of the House Nabi Berry said today (18) that Lebanon has become a sinking ship amid the collapsing economy and political instability. He pointed out that if no immediate action is taken the country will fall into disrepair.

The Lebanese newspaper An-Nahr reported that the inhabitants of Lebanon resembled the sinking of the sinking Titanic. In addition, it has been reported recently that the United States has supported reforms in the face of a downturn in Lebanon.

Chavini Abhayasinghe