Beirut once billed itself as a glitzy capital. Now its economy faces a painful reckoning
- Date: 23-Nov-2019
- Source: CNN
- Sector:Financial Markets
- Country:Lebanon
Beirut once billed itself as a glitzy capital. Now its economy faces a painful reckoning
For years, Lebanon made headlines for its 'party capital' and as a go-to tourist destination. Growing poverty was kept out of view. But a financial crisis may now drop economy's veneer of prosperity, and the country faces a 'vicious diet.'