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/Almost a year after the explosion in Beirut, Lebanon sinks into economic catastrophe – 06/28/2021 – world Almost a year after the explosion in Beirut, Lebanon sinks into economic catastrophe – 06/28/2021 – world ksuadminJune 29, 2021 13 When the Port of Beirut exploded in August 2020, the whole world turned to the city and mourned its destruction. Then he forgot about this poor place. In the meantime, however, Lebanon is experiencing a crisis of even greater proportions than the explosion: the catastrophe of its economy. GDP (gross domestic product) is expected to decline by 9.5% this year, according to the World Bank. In 2020, it had already fallen by 20%. The Lebanese pound has lost 90% of its value against the dollar in less than two years. Prices have risen and wages have stagnated – as a result, more than half of the population now lives below the poverty line and with the prospect of worsening the situation. ....
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