Is a social crisis looming

Economist Dr. Patrick Mardini points out that the social explosion in Lebanon actually occurred between 2020 and mid-2023, as the Lebanese pound deteriorated significantly, leading to widespread material losses for the poor. The situation worsened with the banking sector ceasing operations and essential services declining, causing the poverty rate to rise to about 80%. He adds that the situation has relatively stabilized after that difficult phase, and Lebanon has the potential for an economic rebound if the banking sector is revitalized and reform efforts continue.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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