Since the demonstrations broke out in Lebanon on June 17 last year, Lebanon's economy has been quite worrying, with a serious shortage of US dollars and a high unemployment rate. After more than three months of demonstrations, Lebanon, as a tourist destination, received only a few tourists. More than 785 restaurants, cafes and other catering service units closed down. According to local media reports, LeMall, a well-known shopping mall in Beirut, officially announced that it will be permanently closed before the end of March. Due to the economic downturn in Lebanon and the shortage of US dollars in the market, businesses can't import related goods from abroad, and the closure of shopping malls will soon make many people face unemployment crisis.

In this economic situation, not only large shopping malls, but also individual businesses are facing a huge crisis. Many large and small trading companies are facing the risk of bankruptcy, and powerful foreign trade companies also have inventory shortages and layoffs because they cannot import goods from the source countries. A large number of Lebanese are far away from home and go out to look for jobs. According to the analysis of economists, the economic situation in Lebanon is unlikely to recover in the short term. The current economic situation in Lebanon can be said to be worse than that during the civil war.

The financial situation in Lebanon continued to deteriorate and the Lebanese pound depreciated. Economic difficulties have led more and more citizens to accept bitcoin, and many people think that bitcoin is more stable than the legal tender of the country. At present, the capital control implemented by banks has reduced savings by 40%. In addition, the country's monthly foreign exchange withdrawal reached a record $50, while the upper limit of cross-border remittance was $50,000 per year.

At present, the economic situation in Lebanon is worrying and the country may fall into bankruptcy. It is not so much an economic crisis as collusion between government and business, rampant corruption, crisis of confidence and despair, all of which have become worrying issues. Structural problems and deep-rooted corruption in the domestic economy, coupled with the internal conflict in Syria and the impact of US sanctions against Iran-backed Hezbollah on Lebanon will not be eliminated in the short term, which will arouse more uncertainty and social unrest from both internal and external levels.