S&P: Lebanon’s Outlook Downgraded From “Stable” To “Negative”

Via NationalPost Standard & Poor’s has revised the outlook for Lebanon on the long-term ratings from "stable" to "negative". We used to blame regional instability on the economic situation in Lebanon and it definitely has impacted us negatively but I believe our biggest problems right now are domestic instability and corruption. We haven't had a Lebanese president since May 2014, elections since 2009, the parliament has failed to pass a budget since 2005 and garbage…

The Lebanese Government Among The 10 Least Efficient Governments In The World

The World Economic Forum’s 2014-2015 Annual Global Competitiveness Report is out and it placed Lebanon among the 10 least efficient governments in the world. Lebanon is in fourth position behind Venezuela, Italy and Argentina. The report "evaluates the efficiency of 144 of the world’s governments on measures including the wastefulness of government spending, burden of regulation and transparency of policymaking, to produce an overall global ranking". I'm quite surprised we are not in the top…
Economics

The Minimum Wage In Lebanon Compared To Others From Around The World

1 year ago
The minimum wage in Lebanon was increased three years ago from 500,000 ($330) to 675,000 ($450), yet a lot of people here still think it’s not enough and that it should be drastically increased. There’s ...
119 views
Economics

How Corrupt Are The Lebanese?

1 year ago
A survey was conducted by Sakker el Dekkene in order to evaluate the attitude of Lebanese citizens towards corruption and their willingness to compromise on their principles and bribe officials. 7810 doors were knocked and ...
37 views
Critiques

Gas Prices Might No Longer Drop In Lebanon

1 year ago
Update (20/01/2015): It appears that the government won’t be fixing any prices and the prices will drop by more than 1,000 Lebanese Lira tomorrow. Gas prices have dropped by over 13,000 Lebanese Liras from last ...
45 views
Economics

Reducing Working Banks In Lebanon From 72 to 25 (Update: Denied By BDL)

1 year ago
Update: BDL governor Riad Salameh denied some media reports that the Americans had urged him during the World Bank and International Monetary Fund meetings in Washington to reduce the number of banks operating in the ...
35 views
Economics

Lebanon Among The Seven Most Pessimistic Countries About Their Economic Future

2 years ago
I was reading on Liberation that the French are more pessimistic about their economic future than Palestinians, then I noticed Lebanese feel the same. There’s no doubt that the economic situation is bad in Lebanon, ...
32 views
Economics

The Global Competitiveness Report: Lebanon Infrastructure Ranked 127th Out of 144

2 years ago
According to the 2013 Global Competitiveness Report, Lebanon ranked 116th out of 144 in terms of basic requirements, 125th out of 144 in terms of institutions, 135th and 32nd (out of 144) in terms of ...
28 views
Economics

Lebanon Among The Top 20 Countries With The Largest Flows Of Remittance Payments From The U.S.

2 years ago
Migrants to the United States are responsible for sending almost a quarter of the global total of intentional remittances. While the countries with the biggest flows are Mexico, India and China, Lebanon is in 14th ...
27 views
Economics

Lebanese Economist Rand Ghayad’s Research On Long-Term Unemployment

2 years ago
Rand Ghayad is a Lebanese Economist who will shortly be receiving his Ph.D. in economics from Northeastern University. He published a paper back in 2012, along with his doc­toral adviser William Dickens, which offered a ...
23 views
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