Scenes of economic despair are visible across Lebanon – from shops to homes, businesses to hospitals. Guardian journalist Martin Chulov discusses why the country is verging on financial collapse
Across all pockets of a country conditioned to hardship over decades of war and tumult, the effects of a catastrophic economic implosion were evident when the Guardian’s Middle East correspondent Martin Chulov took a road trip across Lebanon. Since March, the prices of most goods have nearly tripled, while the value of the national currency has fallen by 80% and much of the country has ground to a halt. Those who still have work are surviving month to month. Poverty is soaring, crime is rising, and streets are incendiary. The country has defaulted on one bond payment and a second is due soon.
Martin tells Rachel Humphreys about how government corruption and financial mismanagement have lead to Lebanon finding itself on the brink of financial collapse.
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