About: http://data.cimple.eu/news-article/f725a4a325cb4404c095a6697d48188e5c426fc9af4181e08975cb96

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Lebanon's economic crisis has led to a collapse of the local currency and purchasing power, plunging whole segments of society into poverty as exemplified by near-empty fridges in many households. Earlier this year, Lebanon defaulted on its debt and, while the peg to the dollar remains unchanged, the pound has since nosedived on the black market. In a country so heavily reliant on imports, the blow is huge and thousands of businesses were doomed even before the coronavirus lockdown shuttered the economy. Prices have soared almost as fast as the currency has plummeted, meaning that a salary of one million pounds is now worth around $200, instead of almost $700 last year. The crisis is sounding the death knell of a middle class that is sliding into the half of the population the World bank now estimates lives under the poverty line. A far cry from the country's erstwhile image as the "Switzerland of the Middle East" fabled for its nightlife and entrepreneurial genius, a class of destitute Lebanese is emerging across the country. AFP photographers spent several days in June visiting people's homes in the main cities of Beirut, Tripoli, Byblos, Jounieh and Saida to ask them how they managed to put food on the table. Those who accepted to be photographed posed in front of open refrigerators whose bare shelves often hinted at the leanest of diets. Holding her fridge door open, Fadwa Merhebi explains she already downsized once because she could not afford enough food to fill it up. Now it contains only a bottle of mineral water and two cucumbers. "If there were smaller fridges on the market, I would sell this one and buy a smaller one," says the 60-year-old, who lives alone in a tiny flat in Tripoli. "At least I could use the money to buy something to eat." bur-jmm/ho/dv
schema:headline	Empty fridges as Lebanon economic crisis bites
schema:mentions	Mineral water Black market Reliant Motors Agence France-Presse Lebanon Pound sterling Middle East World Bank Beirut Switzerland United States dollar Poverty Lockdown Severe acute respiratory syndrome coronavirus 2 Jounieh Byblos Sidon Purchasing power Tripoli
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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