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Asharq Al-Awsat

World

Asharq Al-Awsat

How Bad Is Lebanon’s Economic Meltdown?

Lebanon United Nations United States World Bank

Men fill a private generator, which provide electricity with diesel oil in Beirut, Lebanon January 21, 2022. (Reuters)

Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while politicians have yet to come up with a rescue plan.

Just how bad is the situation?

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