Warning against dragging Lebanon into ‘total chaos’ amid hopes for economic recovery

  • Date: 16-May-2021
  • Source: Arab News
  • Sector:Economy
  • Country:Lebanon
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Warning against dragging Lebanon into ‘total chaos’ amid hopes for economic recovery

BEIRUT: Political and economic figures have expressed their opposition to dragging Lebanon into a regional conflict amid the Palestine-Israel crisis and violent clashes. The Vice President of the General Labor Confederation Hassan Fakih warned against “taking the country into total chaos that will wipe out what is left of Lebanon.” His comments come as people returned on Saturday to queueing at gas stations and searching for missing medicines in pharmacies. Sales of meat have dipped after the price of a kilogram of unsubsidized beef exceeded LBP120,000 ($80). Fakih said that “matters in Lebanon have reached an unbearable level, as the economic situation has become a real threat to all classes of people.” He added that the people “have crossed the poverty threshold as a result of the policies adopted by the political system that has been running the country for many years.” The Lebanese economy is trying to recover from the double losses that it has incurred as a result of measures brought in to control the coronavirus disease (COVID-19) and the devastating economic situation. Hopes have been raised for economic improvements following a remarkable decline in COVID-19 cases. Meanwhile, the Lebanese Army on Saturday prevented non-Lebanese residents from crossing