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A century has passed since a famine hit Lebanon during World War I and killed one-third of its citizens between 1915 and 1918. Today, the Lebanese are afraid history might repeat itself, with the deteriorating economic situation that has cost many employees, teachers and workers in restaurants and hotels their jobs or led to slashing their salaries by half.
The Beirut-based InfoPro Research, which offers information on real estate, finance and economy, conducted a study at the end of November that showed “10% of companies have temporarily or permanently ceased operations since October 17 [when nationwide protests erupted]. More than 160,000 people were laid off of their jobs.”
