Lebanese financial crisis
E798430
The Lebanese financial crisis is a prolonged economic and banking collapse that began in 2019, marked by a currency freefall, bank insolvencies, and widespread poverty, severely undermining Lebanon’s state institutions and regional economic role.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Lebanese financial crisis canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf | economic crisis ⓘ |
| characterizedBy |
bank insolvencies
ⓘ
collapse of confidence in state institutions ⓘ currency freefall ⓘ widespread poverty ⓘ |
| country | Lebanon ⓘ |
| currencyAffected | Lebanese pound NERFINISHED ⓘ |
| hasCause |
banking sector exposure to Lebanese sovereign debt
ⓘ
chronic fiscal deficits in Lebanon ⓘ collapse of confidence in Lebanese banking system ⓘ corruption in Lebanese state institutions ⓘ decline in capital inflows to Lebanon ⓘ fixed exchange rate regime of the Lebanese pound ⓘ large public debt in Lebanon ⓘ political instability in Lebanon ⓘ |
| hasEffect |
anti-government protests in Lebanon
ⓘ
bank insolvencies in Lebanon ⓘ collapse of Lebanon’s middle class ⓘ decline in Lebanon’s GDP ⓘ decline in Lebanon’s regional economic role ⓘ electricity shortages in Lebanon ⓘ emigration of skilled workers from Lebanon ⓘ erosion of public services in Lebanon ⓘ fuel shortages in Lebanon ⓘ hyperinflation in Lebanon ⓘ increase in unemployment in Lebanon ⓘ informal capital controls by Lebanese banks ⓘ loss of bank deposits’ real value in Lebanon ⓘ medicine shortages in Lebanon ⓘ restrictions on bank withdrawals in Lebanon ⓘ rise in poverty in Lebanon ⓘ sharp depreciation of the Lebanese pound ⓘ social unrest in Lebanon ⓘ weakening of Lebanese state institutions ⓘ |
| location | Lebanon NERFINISHED ⓘ |
| relatedEvent |
2019–2020 Lebanese protests
ⓘ
Beirut port explosion NERFINISHED ⓘ |
| relatedTo |
Banque du Liban
NERFINISHED
ⓘ
International Monetary Fund negotiations with Lebanon ⓘ Lebanese banking sector ⓘ Lebanese pound NERFINISHED ⓘ |
| sectorAffected |
banking sector in Lebanon
ⓘ
education sector in Lebanon ⓘ healthcare sector in Lebanon ⓘ private sector in Lebanon ⓘ public sector in Lebanon ⓘ |
| startTime | 2019 ⓘ |
| timePeriod | 2019–present ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.