In a report published by Business Insider on the 23 countries with the highest levels of debt to GDP, Lebanon came in the third rank with a debt-to-GDP ratio of 132.5%, after Greece in the second place and Japan ranking first.
“Lebanon emerges as a prime suspect for facing a debt crisis based on its weak solvency metrics. Standard debt-sustainability models, derived rules of thumb and other countries’ experience suggest that these are early signs of a debt crisis,” Carla Slim, an economist at Standard Chartered told the FT earlier in June.
For more details, watch the full report in the video above