The month of January 2021 witnessed a further deterioration of the economic conditions in Lebanon. Besides the usual suspects of exchange rate depreciations and liquidity constraints etc.., the country ... read more
Moody’s assigned a sovereign credit rating of C to Lebanon. The C rating reflects Moody’s “assessment that the losses incurred by bondholders through Lebanon’s current default are likely to exceed ... read more
The Central Administration of Statistics (CAS) revealed that Lebanon’s monthly inflation rate surged from 11.4% and 17.5% in Feb. and March 2020, respectively, to reach 46.6% in April and a record-high of ... read more
MACROECONOMIC OVERVIEW Lebanon was in a state of “economic recession” in 2019. GDP growth dipped into negative territory in the consecutive quarters Q1 and Q2 of 2019. During the period, a political ... read more
Credit rating downgrades on Lebanon and its banks during of February 2020 weighed down on future business expectations. February’s PMI results revealed a stark pessimism in the private sectors’ sentiment ... read more
According to the Central Administration of Statistics (CAS), the monthly inflation rate in Lebanon doubled from November’s 3.17% to end 2019 at 6.96%. The ensuing inflation rate in the first month of 2020 ... read more
The onset of the civic protest across Lebanon on October 17th and the ensuing financial and economic repercussions, namely the imposition of capital controls, contributed to raising inflation further up ... read more
The Central Administration of Statistics (CAS) recently published the national accounts report for 2018, which revealed that Lebanon’s real GDP growth fell by 1.9%, marking the first significant drop since ... read more
According to the latest data published by the Central Administration of Statistics (CAS) Average consumer prices in Lebanon rose by 2.45% year-on-year (YOY) by October 2019, compared to a rigorous rate of ... read more
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