Lebanon Lost Half Its Economy In 2 Years

China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing on GDP, and Western tariffs are restricting exports. For decades, China produced ...  Show more

Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times income), Sydney (13.8 times), Vancouver, London, and San Francisco, housing prices ...  Show more

The World Bank has declared Lebanon's to be "enduring a severe and prolonged economic depression" and said it is one of the worst economic crises since the mid-19th century. As fuel and food supplies dry up, and cash reserves dwindle, Lebanese economic columnist and former bank e ...  Show more

Protests, power cuts and bank hold-ups – Lebanon was already struggling before the 2020 port explosion that devasted its capital, Beirut, but now it’s in a desperate economic collapse. The Lebanese people are struggling to buy basic food and medicine. And the country also hosts t ...  Show more

For nearly three years, Lebanon has been steadily collapsing under the weight of a financial crisis that is one of the worst in the modern world. But what is life like for those who have to live through the situation on the ground?   To be Lebanese is to navigate a slew of dai ...

Lebanon is experiencing one of the most disastrous economic collapses of the last 100 years. The national economy is less than half the size it was just three years ago, while people are holding up banks in a desperate attempt to get their money out amid rampant inflation and a c ...  Show more