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Lebanese citizens see no relief as economic downturn worsens

Amid plans to lift subsidies and private universities’ decision to raise tuition fees, the Lebanese people continue to suffer under the country’s crumbling economy with no end in sight.
A man walks past a shop in the main commercial market at the Lebanese coastal city of Jounieh north of Beirut on December 01, 2020. - Lebanon's economy is sinking into a "deliberate depression", the World Bank said on December 1 in a damning report stressing the authorities' failure to tackle the crisis. Lebanon's economy started collapsing last year as a result of years of corrupt practices and mismanagement. The crisis was made worse by a nationwide wave of anti-government protests that paralysed the coun

BEIRUT — The economic and living situation in Lebanon is ever-worsening. A large part of the population is unable to secure their most basic needs of food, medicine and education, as prices of goods and services are rising while the local currency continues to deprecite against the dollar. The Lebanese are losing their purchasing power with many having lost their jobs due to the financial crisis that has plagued the country since 2019. Then came the Beirut port explosion on Aug. 4, which killed more than 200 people, injured 6,000 others and destroyed much of the capital.

The Lebanese authorities are now planning to lift subsidies on basic commodities, namely flour, fuel, medicines, subsidized food commodities and medical supplies, which could have disastrous social repercussions on most of the Lebanese people.

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