Can Lebanon avoid the Venezuela meltdown scenario?

Aran News Saudi Arabia25 Aug, 2020Finance

Lebanon is on the brink of the abyss of depression, with gross domestic product (GDP) declining by 25 percent this year, growing unemployment, hyperinflation, humanitarian disaster with poverty exceeding half of the population,� Saidi told Arab News. �Throw in food poverty that could grow to famine conditions, and a continuing meltdown in the banking and financial sectors, and the collapse of the currency, all leading to mass migration. This is the �Libazuela� scenario.