Lebanon’s economy could enter complete ‘freefall’ after Beirut explosions: expert

Lebanon's economy could enter complete 'freefall' after Beirut explosions: expert 1

 

The University of Denver's Nadir Hashemi discusses a massive explosion that has devastated downtown Beirut, saying the destruction of the port could cause a country that is in decline to enter a complete economic ‘freefall.’

Read more about the impact of the explosion here: ctv.news/O5JZacf

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49 Comments on "Lebanon’s economy could enter complete ‘freefall’ after Beirut explosions: expert"

  1. SusanMc 6946 | August 5, 2020 at 3:13 PM | Reply

    He’s making it sound like it’s a government plot.

  2. Did the person who wrote the title even watch the video. It clearly changes the meaning of what he says. Lebanon was in a horrendous bike situation before this explosion and this hasn’t helped but it is far from the cause.

  3. The biggest issue is that everyone outside is trying to shape Lebanon. How many times do we need to cite history? Yes, a country can undergo periods of turmoil before the citizens wake up and come together against a common threat. However, if they’re not given a chance to undergo this experience due to constant foreign intervention from multiple entities (attempting to reshape the country in their image), what do you think is going to happen?

  4. Mann Handleson | August 5, 2020 at 4:18 PM | Reply

    Peaceful protests…nothing to see here…

  5. AGE of ANOMALY | August 5, 2020 at 4:42 PM | Reply

    One way or another. China will take over this world. 😔 that seems to be the plan

  6. I hit ball and ball goes | August 5, 2020 at 4:45 PM | Reply

    It’s entirely the governments fault. And there is no way the government is going to hold themselves responsible. Such a large amount of explosive material shouldn’t have been stored within 50 miles of city limits. Poor safety regulations are going to lead to events like these.

    • wantafanta01 | August 5, 2020 at 5:28 PM | Reply

      lol the explosives they say caused it would have done more damage though.. there was a similar quantity that went off in texas and that place got way more fucked up..

      the blast here was directed upwards.. something does not make sense. still dont really care much about lebanon though.. care more about CANADIAN news.

    • I’m not stupid! You can’t mix 2000 tonnes of Ammonia nitrate with diesel without Hazballah or the Lebanese military knowing. Ammonia Nitrate and diesel do not burn or explode on there own! It would take weeks to mix such a large quantity!

    • Silvester Hercules | August 5, 2020 at 6:12 PM | Reply

      Pajeet Dishwasher yea so they put it in the middle of the city? I wouldn’t be surprised if it was a bomb

    • Where was the fire supretion you would think you would really want that anywhere you store/ manufacture explosives

    • Oh thanks Mr. Hindsight

  7. Not surprising. It’s already a bad sign when that much highly explosive material is being stored in the middle of downtown with (now obviously) such poor safety measures.

    • lol tip of the iceberg. i live 2km away, and i just got my invitation to apply for immigration to Canada, and cant wait to leave this whole continent already. Sad for Beirut, but we deserve better..

  8. lol it was already in freefall.

  9. Silvester Hercules | August 5, 2020 at 6:10 PM | Reply

    Why would they store these chemicals in a port next to a firework factory ? Something about this seems very off! I’m convinced that was a bomb

  10. It’s like if the Chelyabinsk meteor hit the ground.

  11. xena woriore | August 5, 2020 at 7:29 PM | Reply

    Beverly there is a lot of poverty in lebanon an amount that is totaly catastrophic yep.!😐👍

  12. Instability breeds instability. Let’s hope this doesn’t lead to any wars

  13. China will gladly build them a new port.

  14. How is there only 135 deaths? RIP

  15. Everyone: Well July was bad but August can’t get any worse.
    August: Oops
    2020: It’S fReE rEaL eStAtE

  16. There are 5 billionaires in Lebanon, the government.

  17. Why nobody talks that it was a ship loaded with explosives ready for an attack on an American ship at sea for 18th August

  18. Deep Byte Digger | August 6, 2020 at 9:20 PM | Reply

    I doubt its only 135 deaths..
    With that explosion it looks like it could turn a human to ashes.

  19. tyler Kirbyson | August 6, 2020 at 9:49 PM | Reply

    “explosion”‘ hit a juicy target

  20. This was an israeli attack ammonium nitrate doesnt make mushroom clouds.

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