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VIDEO. "The signs of a total collapse of the country": in Lebanon, the price of fuel is skyrocketing, poverty is exploding

2021-06-30T16:35:05.481Z


Anne Gadel, specialist in the Middle East, deciphers the current situation in Lebanon, in a context of acute economic crisis.


The latest episode of a terrible crisis affecting the country, the price of fuel rose by more than 30% on Tuesday in Lebanon.

The increase comes after a partial lifting of subsidies, while shortages have for weeks caused endless queues at gas stations in the collapsing country.

Read alsoLebanon risks being plunged into "total darkness"

This price revision is a first step towards the elimination of fuel subsidies by the state, in a country stuck in one of the worst economic crises in the world since 1850, according to the World Bank.

Since the onset of the crisis in autumn 2019, Lebanon has experienced an explosion in unemployment and inflation, which have accelerated large-scale impoverishment, with half of the population now living below the poverty line, according to the UN.

For "Le Parisien", Anne Gadel, specialist in the Middle East, deciphers the current situation in Lebanon in the video above.

Source: leparis

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