In Lebanon, poverty levels tripled in a decade, says World Bank
The World Bank says poverty in Lebanon has tripled over the course of a decade. The percentage of people in Lebanon living below the poverty line rose from 12% in 2012 to 44% in 2022.
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The World Bank says poverty in Lebanon has tripled over the course of a decade. The percentage of people in Lebanon living below the poverty line rose from 12% in 2012 to 44% in 2022.
A new report notes that returns from cyber scams generate an estimated at US$ 12.5 billion in a country whose GDP is below US$ 30 billion. This is keeping foreign investors away, weakening economic development. While the authorities have started to crack down, they can only go so far since many of those involved are Chinese nationals, protected by their country’s economic involvement in Cambodia.
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