Synthesis of the crisis impact on Lebanon
Overview of the sectors and workers impacted by the multiple crisis in Lebanon in addition to an overview of the potential business and training opportunities in Lebanon that are recommended in response to this crisis
Highlights
Lebanon’s economic, social and security situation has rapidly deteriorated since the October 2019 protests calling for an overhaul of the government and is now facing a “triple crisis” caused by the economic meltdown, the global COVID-19 pandemic and Beirut blast on August 4th, which devasted its capital. As a result, a wide segment of the Lebanese and non-Lebanese population has fallen below the poverty line, with livelihoods of those already living in poverty worsened due to inflation, a decline in employment opportunities, and a reduction in basic social service provision.
Businesses have faced temporary and permanent closures since spring 2020 due to continued supply chain disruptions and reduced business traffic. Of the total 363 sampled small-scale enterprises in Lebanon, 51% temporarily stopped operations, and of 1,987 interviewed workers, 84% were laid off and 94% saw their wages largely reduced, leading to a surge of unemployment which saw a drastic increase.
The COVID-19 crisis also exacerbated pre-existing employment and education disparities, reducing opportunities for many of the most vulnerable populations.
Lebanon currently houses around 6 million Lebanese and non-Lebanese residents, 44% under the age of 24, a relatively high youth percentage compared to the global average. As the triple crisis continues to worsen, youth are struggling to find hope, support and opportunities amid mounting despair.
