Lebanon Lost Half Its Economy In 2 Years

Europe and the United States share the largest trade relationship in the world, worth nearly 2 trillion dollars each year, but that partnership is starting to fracture. Beneath the surface, this relationship is built on deeply interconnected supply chains, financial systems, and ... Show More

China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing on GDP, and Western tariffs are restricting exports. For decades, China produced ... Show More

Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times income), Sydney (13.8 times), Vancouver, London, and San Francisco, housing prices ... Show More

The World Bank has declared Lebanon's to be "enduring a severe and prolonged economic depression" and said it is one of the worst economic crises since the mid-19th century. As fuel and food supplies dry up, and cash reserves dwindle, Lebanese economic columnist and former bank e ... Show More

Protests, power cuts and bank hold-ups – Lebanon was already struggling before the 2020 port explosion that devasted its capital, Beirut, but now it’s in a desperate economic collapse. The Lebanese people are struggling to buy basic food and medicine. And the country also hosts t ... Show More

<p>For nearly three years, Lebanon has been steadily collapsing under the weight of a financial crisis that is one of the worst in the modern world. But what is life like for those who have to live through the situation on the ground?   To be Lebanese is to navigate a slew of dai ... Show More

Lebanon is experiencing one of the most disastrous economic collapses of the last 100 years. The national economy is less than half the size it was just three years ago, while people are holding up banks in a desperate attempt to get their money out amid rampant inflation and a c ... Show More

Venezuela is facing an economic and humanitarian crisis as extreme poverty and violence have forced many to flee the country in recent years. How did a country once wealthy with oil resources fall into such turmoil? To manage podcast ad preferences, review the links below:See pcm ... Show More

Sri Lanka's economic crisis seems to be going from bad to worse. The government has now restricted the sale of fuel days after the Prime Minister said the economy had completely collapsed. So what's caused the crisis? And what are the consequences? Join host Hashem Ahelbarra  Gue ... Show More

The massive explosion that tore through Beirut on August 4th left more than 200 people dead, 6,000 injured, and as many as 300,000 homeless. The explosion was caused by a fire that ignited 2,750 tons of ammonium nitrate stored at the port. When the blast hit, Lebanon was already ... Show More