2023-06-21 11:18:08
“Lebanese Debate”
Economic circles saw that “the World Bank report on the rise in food prices in Lebanon and the threat of food security, and then the UNICEF report on the situation of Lebanese families, and how 9 out of 10 families are forced to take harsh measures that affect food and other things in order to be able to live, all of these The reports reflect the seriousness of the situation in Lebanon, and most importantly, they are the realistic picture of the reality of the situation.
The circles considered that “the economy of the 20%, meaning that this economy depends on the category that receives a fresh dollar, and this category is the one that operates restaurants and operates the economic movement that we see before us in Lebanon. This movement, which constitutes 20%, leads to blurring the other basic fact.” It is that 80% of the Lebanese people are crushed in terms of purchasing power.
And the sources confirmed, “The report highlights the seriousness of the situation, and officials must realize this, because this situation is linked to the collapse of the lira and not to the rise in commodity prices, meaning that the collapse of the lira is what leads to a rise in the prices of all commodities, including foodstuffs.”
She points out that “the Lebanese have lost their purchasing power, and the problem is not that the prices of commodities are rising, and this indicates that there is no solution but to go to a rescue plan in order to get out of this exceptional situation.”
And the sources stress, “We should not be misled by the movement of the existing 20%, because one day we will realize that we have reached a place from which there is no going back, and that the 20% may fall because of the poverty surrounding them, which is spread over the entire country, which includes About 80% of Lebanese families.
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#economy #collapse.. #situation #dangerous