The McKinsey Report for #Lebanon is Out!

The Ministry of Economy has uploaded the McKinsey full report entitled "Lebanon Economic Vision" on its website. It's a 1274 pages long report with a long and comprehensive executive summary of around 150 pages. You can download it . I haven't had the chance to read it yet but what I find weird is the timing of its publishing as Caretaker Economy Minister Raed Khoury said he won't be publishing it before the new government…

Lebanon’s Gross Public Debt In First Half of 2018 is Higher Than All of Last Year’s Debt

During 2017, Lebanon's gross public debt hit $3.76 billion. During the first half of 2018 only, the gross public debt grew by $3.4 billion, vs $1.6 billion in the same period of 2017. Overall, Lebanon’s gross public debt rose by 4.3 percent to $82.95 billion in the first six months of 2018 compared to $79.95 billion in the same period of last year . The reason for that hike is mainly due to the public…

World Bank Urging Lebanese Authorities To Form Government, Implement Reforms

2 months ago
We have the world’s third largest public debt-to-GDP ratio, fiscal and electricity reforms, which are seen as priorities ,are not in place yet; inflation is the highest in five years, projection for 2018 real GDP ...

Lebanon Among the 20 Most Corrupt Countries in the World

3 months ago
The 2018 Global Competitiveness Report is out and Lebanon has ranked 80th out of 140 countries, which is a major improvement from last year’s 101st spot but there are still a lot of worrying indicators ...

Lebanon’s Inflation Rate at 6.5 Percent, Highest in Five Years

6 months ago
A deteriorating economy, alarming unemployment rates, a crumbling infrastructure, an ever increasing corruption rate and on top of all that increasing consumer prices. In this recent BLOM report, all components of the Consumer price index ...

Unemployment Rate in #Lebanon at 46%?

9 months ago
I was just reading that President Aoun warned yesterday “that the grave economic situation, presence of Syrian refugees and the reluctance of Lebanese to take low-paid jobs has caused unemployment to soar to 46 percent”, ...

VAT is Officially 11% Now in #Lebanon

1 year ago
The increase in VAT from 10 too 11% officials went into effect yesterday on Jan 1st 2018. The 1% increase is expected to lead to a 5 to 7% increase in the prices of goods, ...

How will Tax Increase Affect Us?

1 year ago
The new taxes were approved and the laws were published Monday as a special appendix to the Official Gazette, which means that they are already in place as we speak. What are these new taxes? ...

What does the VAT Increase from 10 to 11% Mean for You?

1 year ago
The newly approved VAT increase from 10% to 11% will have a negative impact on all Lebanese as it will lead to an increase in living expenses and a decrease in the purchase power. Some ...

2016/2017 Global Competitiveness Report: Public Trust in Politicians Still Improving in #Lebanon

2 years ago
Public trust in politicians has improved once again since last year as ranking improved by two spots from last year according to the 2016/2017 Global Competitiveness Report. I have no idea how this is happening ...