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
According to the latest World Bank Lebanon Economic Monitor, “Lebanon Sinking: To the Top 3”, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes ... 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
By September 2020, Lebanon’s trade deficit totaled $5.25B, narrowing from the $12.49B registered in the same period last year. In fact, total imported goods retreated by 48.52% year-on-year (YOY) to $7.88B ... 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
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
During the first month of 2020, Lebanon’s trade deficit totaled $820.5M, narrowing from the $1.17B registered in the same month last year. In fact, total imported goods retreated by 18% year-on-year (YOY) ... 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
The latest data provided by the Lebanese Ministry of Industry (MoI) revealed that the value of total industrial exports fell by 2% year-on-year (YOY) to stand at $2.5B in 2019, compared to an uptick of ... 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
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