Exploring the severe economic downturn in Lebanon, discussing issues such as shrinking GDP, population decline, banking risks, and the struggling industry sector. Lebanon ranks poorly on the Economics Explained National Leaderboard with an average score of 1.6 out of 10.
What led to Lebanon's devastating economic crisis, causing a shrinking population and half of its GDP to vanish? Why did it collapse, and what are the implications for other developing nations facing similar challenges?
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