Lebanon's economy has faced a prolonged crisis marked by governmental mismanagement, corruption, and social unrest, intensified by external events such as Israel's conflict. The 2019 protests that preceded the COVID-19 pandemic revealed deep-seated public grievances over economic policies and inequality. Prime Minister Hassan Diab’s government defaulted on the nation's debt in March 2020, further crippling an already struggling economy reliant on tourism and remittances. The catastrophic Port of Beirut explosion in August 2020 highlighted systemic corruption, eroded public trust, and deepened the humanitarian crisis amid an ongoing economic downturn.
Lebanon's financial crisis has roots in deep-seated government mismanagement and corruption, culminating in public protests and a catastrophic explosion that heightened nationwide discontent.
The 2019 protests arose from people's frustration with economic inequality and government policies, highlighting a decade-long decline in trust towards Lebanese authorities.
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