For the month of February 2022, Lebanon experienced a steady appreciation the exchange rate in the parallel market to an average of LBP/USD 21,900. This was accompanied by the approval of a preliminary ... read more
Month of September held some positivity after the formation of the long awaited government, followed by the confidence votes at UNESCO palace on September 20, 2021 as well as discussions on the new ... read more
For the month of August, President Michel Aoun and Prime Minister-designate Najib Mikati have met several times to agree on a new cabinet with no end result. However, as of last week, President expressed ... read more
Concerning the Lebanese economy and its ongoing challenges within the sovereign, banking, economic and exchange rate calamities, the widespread anti-government protests continued during month of March ... 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
While the rest of the world moves beyond Coronavirus measures, Lebanon struggles to grapple with dual crises. Most nations began to overcome the standstill generated by the notorious pandemic. This is ... 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
Lebanon’s Purchasing Managers’ Index hit an all-time low, as did the USA’s and most global markets’ PMI. Lebanon’s BLOM PMI expectedly slumped to lows of 30.9 in April 2020 as a result of business closures ... read more
Lebanese Forex Market The Lebanese Pound (LP) continues to be steady within the official range of $/LP 1,514 – 1,514.5 against the dollar with a mid-price of $/LP 1,514.25 by the week ending Feb. ... read more
The PMI’s predictive power revealed that Lebanon’s GDP growth dipped into negative territory for two consecutive quarters Q1 and Q2 of 2019. That said, the Lebanese economy was already in a recession when ... read more
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