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Back when Greater Lebanon was established, he argues that poor were pictured as coming from "the annexes and regions added to Mount Lebanon and the coast to form Greater Lebanon." [ 7 ] This impacted policy making very strongly as poverty became a topic outside of society's concern [ 7 ] and in a sense became apolitical.
Lebanon is one of the only seven countries in the world in which the value of the stock market increased in 2008. [48] The Lebanese economy experienced continued resilience, growing 8.5 percent in 2008, 7 percent in 2009 and 8.8% in 2010. However, Lebanon's debt to GDP ratio remained one of the highest in the world. [49]
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
At least six people were shot dead in Beirut on Thursday as demonstrations related to a probe into last year's catastrophic port blast prompted the city's worst civil violence https://www.reuters ...
Surveying Beirut's shattered streets last week, in the aftermath of a massive explosion at the port that killed at least 158 people, French President Emmanuel Macron offered support to the people ...
Definitions of the poverty line vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. Even among rich nations, the standards differ greatly. Thus, the numbers are not comparable among countries. Even when nations do use the same method, some issues may remain. [10]
In May 2022, Lebanon held its first election since a painful economic crisis dragged it to the brink of becoming a failed state. Lebanon's crisis has been so severe that more than 80 percent of the population is now considered poor by the United Nations.
Users on social media lashed out at Vice President Harris after her post on X pledged millions of aid for Lebanon despite the ongoing hurricane recovery in North Carolina.