Transcripts for CNN Fareed Zakaria GPS 20220130 15:53:00 : v

CNN Fareed Zakaria GPS January 30, 2022 15:53:00

collapse in data. in 2020 gdp fell by a staggering 21%, while other countries have bounced back from the initial shock of the pandemic, lebanon's gdp has further declined last year by an estimated 10.5%. what does that look like in dollars? gdp was $52 billion in 2019. in 2021 it fell to less than $22 billion, that is a 58% contraction. the largest among 193 countries examined by the world bank. the scale of the crisis for ordinary lebanese people are evident everywhere you look. the value of the currency has fallen by more than 90% since 2019. average inflation was at 145% last year. the prices of food, transportation and clothing have quadrupled. more than 70% of the population now lives in poverty. as the prices of fuel and

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