Foreign media reported that Lebanon was facing a massive economic downturn due to the current dollar deficit.
According to the report, the Lebanese exchange rate deficit for 18 months has disrupted a number of major economic activities, including manufacturing and shops.
Two major Lebanese power plants were shut down yesterday due to power outages.
According to the report, most areas are electrified for only two hours a day.
Two of the country’s largest power plants, which supply about 40% of the country’s electricity needs, have been shut down.
As a result, the Beirut International Airport has been cut off and many major centers in the country have been severely disrupted due to power outages, foreign media reported.
Foreign media reported that about 80% of the shops in many major cities, including Beirut, were closed due to the current situation.
The reports also indicate that there is a huge shortage of drugs in the country.
