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(Reuters) Eric Knecht - Businesses in Lebanon have been shutting at a rapid rate since a financial crisis exacerbated by months of political instability has brought much of the economy to a halt. Interviews paint a picture of an unprecedented economic and financial crisis, with more than 220,000 jobs in the private sector shed since mid-October. The Lebanese pound has lost 40% of its value since October. 2020-03-16 00:00:00Full Article
Lebanon's Economy Is Sinking Fast
(Reuters) Eric Knecht - Businesses in Lebanon have been shutting at a rapid rate since a financial crisis exacerbated by months of political instability has brought much of the economy to a halt. Interviews paint a picture of an unprecedented economic and financial crisis, with more than 220,000 jobs in the private sector shed since mid-October. The Lebanese pound has lost 40% of its value since October. 2020-03-16 00:00:00Full Article
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