BDL’s latest statistics on money supply revealed that Broad Money (M3) increased by LBP 393B ($261M) to stand at LBP 199,668B ($132.45 B) by the week ending September 30, 2021. As such, on an annual basis, ... 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
Over the past month, the resignation of Prime Minister-designate Saad Hariri had a serious impact on the local market as the US dollar rate in the parallel market exceeded LL22,000. For the near future, if ... 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
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
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
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 first full materialization of the civic protest’s economic repercussions emerged in November 2019, as economic growth is estimated at -0.5% year-to-date. While October’s PMI stood at 48.3, measured ... read more
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here