Comment: Lebanese economic crisis – lessons for Malaysia


  • Focus
  • Sunday, 26 Jul 2020

Lebanese activists demonstrate along with former employees of the American University Medical Center outside the hospital in the capital Beirut after they were dismissed from their jobs last week as part of the university's sweeping layoffs to cope with a severe recession resulting from Lebanon's economic and financial crisis. – AFP

IN most countries today, many are concerned about the possibility of being infected Covid-19 virus. However, in Lebanon, its people are more worried about whether they and their family members will live in starvation. This is because the country is currently in a severe economic crisis where the income of many Lebanese people is not enough to meet their basic needs.

Lebanon imports a lot of the country’s food. Therefore, when the value of the Lebanese pound collapsed, food prices soared by around 150% in less than a year.

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