With the end of the year 2022, Lebanon is facing many economic challenges, the severity of which has increased throughout the year. It was facing many events, including parliamentary elections, the formation of a new government and the election of a new president. But, unfortunately, in front of every entitlement, failure was on the lookout. The economic situation is collapsing on daily basis, and the dollar is constantly fluctuating, with no ceiling or limits.
Throughout this year, the Lebanese have suffered from the repercussions of the floating of the Lebnese pounds, and its decline in value against the dollar, which negatively affected the purchasing power.
The broad title of the next stage is the unknown, so what are the possible and expected scenarios?
What are the factors and steps that will succeed in pulling Lebanon out of the economic collapse?
Economists fear that 2023 will be an additional year of inflation and high prices in Lebanon, similar to the previous two years, and the Lebanese citizen will remain the only one suffering and struggling to secure a decent living.