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Lebanon faces rising inflation, looming food crisis as Israeli attacks continue

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Lebanon faces rising inflation, looming food crisis as Israeli attacks continue

2024-10-09 22:32 Last Updated At:10-10 05:37

As Israeli attacks continue, Lebanon is grappling with soaring inflation and stagnant food production, raising fears of an impending food crisis.

Data showed that over 1.2 million people are currently displaced, with many families seeking refuge from Israeli airstrikes. Meanwhile, inflation rates have surged beyond 40 percent, causing the prices of essential goods to skyrocket. Basic necessities have become unaffordable for many families.

Yahya is currently living in an underground basement with his family in Beirut after fleeing from the airstrikes. The room is the only place they can afford with his family stuck in a poor financial situation.

"My father lost his job. The financial situation for my family is bad. I found myself a job, so I can assist my family now,” said Yahya.

With prices skyrocketing, Yahya must work longer hours to make ends meet. What used to be manageable has become an exhausting routine of extended shifts to cover basic needs.

"Things were better back then because prices were reasonable. Now everything has doubled in price. I used to work nine hours a day, but I have to work 12 hours now to meet my family's needs. It's exhausting," he said.

Even before the outbreak of hostilities, Lebanon's economy was fragile. Despite inflation rates exceeding 35 percent, prices remained relatively stable. However, since the onset of the conflict, the situation has taken a sharp turn for the worse.

Inflation has skyrocketed, surpassing 40 percent, and the cost of necessities has doubled or even tripled, making it incredibly difficult to afford everyday items like food and fuel.

The ongoing airstrikes have driven farmers and field workers away from their lands, leaving fields untended and crops unharvested. This disruption in agricultural production has further exacerbated the situation, leading to rising food prices.

"The directly related sector to agriculture is the agro-food sector. The industrial agro-food sector in Lebanon is the largest and the most productive sector. If this sector will stop, we will be facing a food crisis in Lebanon because 60 percent of the food in Lebanon is coming from the agriculture and the agro-food sector," said Hashem Abou Jaoud, a political-economist and expert in labor, markets and socio-economic development.

Many are now deeply concerned that Lebanon could soon face a full-blown food crisis, as the nation, already ravaged by conflict, struggles to secure even the basic necessities.

Lebanon faces rising inflation, looming food crisis as Israeli attacks continue

Lebanon faces rising inflation, looming food crisis as Israeli attacks continue

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CMG launches live broadcasts and videos showcasing Xizang via bus tour

2024-10-10 00:23 Last Updated At:05:17

China Media Group (CMG) on Wednesday launched a multimedia series featuring bus tour through Xizang Autonomous Region in southwest China, exploring and reporting on its beauty and development along the way.

From October 11, the bus will travel along National Highway 318 through Xizang, showcasing the region's stunning natural landscapes, rich historical and cultural heritage, diverse ethnic customs, and its spirit of inclusiveness and openness.

Since "paired-up assistance" to Xizang was initiated in 1994 to rally support for the region, Beijing has sent over 1,280 people to the snowy plateau to support its development.

Under the "paired-up assistance" program, some central state organs, provincial-level regions and centrally administered state-owned enterprises have been designated to assist in specific areas of Xizang, injecting strong impetus into the development of the plateau region.

CMG alone has sent 10 groups of 14 professionals to Xizang, offering support in key areas such as news and current affairs reporting, talent cultivation, technical equipment, poverty alleviation and agricultural assistance.

CMG launches live broadcasts and videos showcasing Xizang via bus tour

CMG launches live broadcasts and videos showcasing Xizang via bus tour

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