ABC News published this video item, entitled “A year after Beirut explosion, Lebanon must reckon with dire economic crisis” – below is their description.
It’s been one year since 2,500 tons of ammonium nitrate detonated in Beirut’s port. Residents blame government inaction for this, as well as skyrocketing inflation, lack of medicine and unemployment.
ABC News YouTube Channel
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About This Source - ABC News
American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.
ABC News is primarily broadcast from the Times Square Studios in New York City.
Beirut is the capital and largest city of Lebanon. No recent population census has been conducted, but 2007 estimates ranged from slightly more than 1 million to 2.2 million as part of Greater Beirut, which makes it the third-largest city in the Levant region and the fifteenth-largest in the Arab world.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Lebanon, officially known as the Lebanese Republic, is a country in the Levant region of Western Asia, and the transcontinental region of the Middle East.
The official language, Arabic, is the most common language spoken by the citizens of Lebanon. Its capital is Beirut.
Lebanon was a founding member of the United Nations in 1945 and is a member of the Arab League (1945), the Non-Aligned Movement (1961), Organisation of the Islamic Cooperation (1969), and the Organisation internationale de la francophonie (1973).
