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Lebanon struggles with war wounds, economic losses and shrinking GDP amid uncertainty


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Published in Politics and Government on Monday, December 2nd 2024 at 1:30 GMT by Brian Stokes   Print publication without navigation

  • Lebanon's economy, already struggling, faces collapse amid war with Israel. Recovery hinges on urgent international support.

The video report from MSN discusses Lebanon's ongoing struggles with the aftermath of conflicts, economic downturn, and a shrinking GDP. Lebanon has been facing severe economic challenges, exacerbated by political instability and the devastating Beirut port explosion in August 2020. The country is dealing with hyperinflation, a currency that has lost over 90% of its value, and widespread poverty. The economic crisis has led to shortages of essential goods, including medicine and fuel, and has forced many businesses to close. Additionally, the political vacuum, with the country operating without a fully functioning government for extended periods, has hindered recovery efforts. The report highlights the uncertainty and the daily hardships faced by Lebanese citizens, with many feeling abandoned by their leaders and international aid not reaching the levels needed to stabilize the situation.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/lebanon-struggles-with-war-wounds-economic-losses-and-shrinking-gdp-amid-uncertainty/vi-AA1v4HUi ]

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