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
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 12.21%, year-to-date (y-t-d), to stand at $190.3B in November 2020. This decrease will likely continue for the ... read more
Month of December marked a high manufacturing Purchasing Managers’ Index (PMI) for the US which increased from 56.7 in November to 57.1 in December, the best reading since September 2014. The last month of ... read more
Lebanon trade deficit dropped 58.97% compared to the same period last year to reach $4.66B. In details, total imported goods slumped by 49.97% year-on-years (YOY) to $6.92B by August 2020. Further, ... read more
By July 2020, Lebanon’s trade deficit totaled $4.14B, narrowing from the $10.24B registered in the same period last year. In fact, total imported goods retreated by 50.3% year-on-year (YOY) to $6.13B by ... read more
Lebanon officially asked the IMF for a financial lifeline on May 01st. The Lebanese government began its negotiations with the International Monetary Fund (IMF) after presenting a detailed financial rescue ... 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
The below-zero growth persisted during December 2019 and continued to be driven by November 2019’s sharpest deterioration in the private sector’s health. With a PMI standing at lows of 37 points in ... read more
The BLOM Stock Index (BSI) fell by a marginal 0.16% to end the week ending December 13th at 758.54 points. The BSE’s market capitalization remained constant at last week’s $7.4B. In turn, the average ... read more
September 2019 witnessed the fastest deterioration in the private sector’s business conditions in Lebanon. Economic growth in Lebanon was capped between 0% and 0.5% by Sept.2019, as indicated by the PMI ... read more
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