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Collapse: Inside Lebanon’s Worst Economic Meltdown in More Than a Century

Collapse: Inside Lebanon’s Worst Economic Meltdown in More Than a Century

The New York Times
Wednesday, August 04, 2021 11:02:40 PM UTC

The small Mediterranean country is in the throes of a financial crisis that the World Bank has said could rank among the world’s worst since the mid-1800s.

TRIPOLI, Lebanon — Rania Mustafa’s living room recalls a not-so-distant past, when the modest salary of a security guard in Lebanon could buy an air-conditioner, plush furniture and a flat-screen TV. But as the country’s economic crisis worsened, she lost her job and watched her savings evaporate. Now, she plans to sell her furniture to pay the rent and struggles to afford food, much less electricity or a dentist to fix her 10-year-old daughter’s broken molar. For dinner on a recent night, lit by a single cellphone, the family shared thin potato sandwiches donated by a neighbor. The girl chewed gingerly on one side of her mouth to avoid her damaged tooth.
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