A picture taken on Aug. 8, 2019, in Beirut shows the front pages of the Lebanese English-language Daily Star, which refrained from printing any news in protest against the country's "deteriorating situation." Lebanon's economy is close to collapse.
Lebanon is facing a Herculean task to escape its economic malaise. For decades, Lebanon has maintained a hefty current account deficit to finance substantial government spending, much of which funds a social safety net that keeps the sociopolitically diverse country from falling apart. But plummeting consumer sentiment, slowing capital inflows,...
TO READ THE FULL ARTICLE
Copyright © Stratfor Enterprises, LLC. All rights reserved.