The BLOM Lebanon PMI for September 2025 rose to 51.5 from August’s 50.3, marking the fastest rate of improvement in private sector operating conditions since May 2013 and a second consecutive month in ... read more
This economic digest discusses the presentation by Mr. Pierre-Olivier Gourinchas, the Economic Counselor and the Director of Research of the IMF, for the World Economic Outlook. Mr. Gourinchas states that ... read more
Lebanon’s annual inflation rate fell to 32.92% in September 2024, from 35% in August 2024, recording its lowest level since March 2020, according to the Central Administration of Statistics (CAS). The ... read more
In this economic digest, we will discuss the path of M3 from June 2021 to September 2024. The formula of M3 is as well known: M3 = M2 + Deposits in Foreign Currency = Currency in Circulation + Demand ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets declined by 10.6% annually, to reach $94.3B by the first half of October 2024, amid adopting the 89,500 LBP/USD ... read more
The Institute of International Finance (IIF) published on October 11, 2024, a report titled, War in the Middle East: At an Inflection Point, that analyzed the economic implications of the Israel-Lebanon ... read more
According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) decrease of 3.89% to reach 6,792 permits by August 2024 due to ... read more
In this economic digest, we will tackle M2 from June 2021 to September 2024. The formula of M2 is as follows: M2 = M1 + Other Deposits in LBP = Currency in Circulation + Demand Deposits in LBP + Other ... read more
Money supply is the sum of money in circulation, being cash, coins, treasury bills and bank accounts balances. Money supply is divided into four categories: M1, M2, M3, and M4. M1 = Currency in Circulation ... read more
The recent bombing of the Masnaa passageway raised concerns about the safety of trade routes for Lebanese exports and imports (in addition, of course, to the safety of human passengers), especially as this ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets declined by 9.8% annually, to reach $94.8B by the end of September 2024, amid adopting the 89,500 LBP/USD official ... read more
The Financial Restructuring Plan (FRP) issued by the Council of Ministers in July 2024 was the latest in a series of plans, and perhaps the most reasonable (or least un-reasonable). What we want to do in ... read more
On September 20th, 2024, the Central Bank issued the intermediate decision 13666 regarding revaluation of banks’ fixed assets. The decision allows banks to include in Common Equity Tier 1 75% of the ... read more
According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system decreased remarkably from 327,135 checks by August 2023 to ... read more
Year CI Growth % GDP Growth % 2019 -11.63 -6.9 2020 –34.58 -21.4 2021 -28.16 -7.0 Average -24.79 -11.76 Source: BDL and World Bank Annual CI growth in 2006: -32.9% Estimated GDP Growth ... read more
According to market sources, Lebanese car market expanded by 48.01% YOY by August 2024 to 5,759 cars. On a monthly basis, 447 cars were sold in August 2024. The distribution of cars was as follows: ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets declined by 9.44% annually, to reach $94.8B by the first half of September 2024, amid adopting the 89,500 LBP/USD ... read more
Lebanon’s annual inflation rate fell to 35% in August 2024, from 35.37% in July 2024, recording its lowest level since March 2020, according to the Central Administration of Statistics (CAS). The decrease ... read more
The activity at Rafic Hariri International Airport has decreased in August 2024 for the 8th consecutive month due to the prolonged conflicts on the Lebanese southern border. As such, the cumulative count ... read more
BLOM Bank published on 20 August, 2024 its non-audited financial results for H1 2024. In its statement, Blom Bank said that “the net Income for the year shown in the Profit and Loss Statement, is mainly ... read more
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