Discover and read the best of Twitter Threads about #COLLAPS

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According to media reports on Friday evening (March 12th), a four-story building collapsed in Cocody, a suburb of the city of Abidjan. It is possible that several construction workers were buried in the building collapse.
According to reports childrens should also be burried under the rubble as well as workers. Firefighter and police are at the scene.
Read 4 tweets

#Iraq #Bagdad #ECONOMY #Collaps

Iraq's currency devaluation news spread rapidly last week when a copy of the budget draft for next year was leaked to the local media. The news sent the unofficial rate skyrocketing at exchange houses,
upsetting local businesses and panicking Iraqis. The unofficial exchange rate before the news varied from 1,200 to 1,240 dinars against the dollar. That rate reached as much as 1,400 soon.
Iraqi Prime Minister Mustafa Al Kadhimi said that because of the inevitable public reaction, he will be the 'first hurt' by the devaluation and austerity measures in the 2021 budget.
Read 15 tweets
#Venezuela #Caracas #economy #Collaps #Oil

Venezuela's economic situation worsened dramatically. The oil production of the Opec state is about to collapse. With that, the source of all the social benefits of the Maduro government are also drying up.
Because according to a current market analysis by the renowned consultancy @IHSMarkit, the country with the largest oil reserves in the world currently produces almost nothing. A decline of historic proportions.
With reserves of over 300 billion barrels, the country is sitting on a larger amount of black gold than even Saudi Arabia. A quarter of the proven global oil reserves are located under the territory of the Caribbean state.
Read 9 tweets

#Thailand #Bangkok #ECONOMY #COLLAPS #Coronavirus

Thailand has not let tourists into the country for months and has thus successfully isolated itself from the pandemic. BUT experts warn that Thailand will in return enter the worst recession in the country history.
The economy of Thailand depends on tourism since the beginning of April there have been no more tourists and no new infection with the corona virus for 2 months. According to a forecast, no country in Asia has been harder hit than Bangkok.
According to calculations by the central bank, economic output will decline by more than eight percent this year. The economists at the University of the Thai Chamber of Commerce even assume an economic slump of up to eleven and a half percent.
Read 10 tweets

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