Posted By
Najib
Nov 11, 2018 10:52
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…
Posted By
Najib
Nov 01, 2018 11:47
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 growth for Lebanon was downgraded from 2 to 1 percent yet we've been trying to form a government for almost 6 months now!! We've been warned of an imminent economic crisis for years now, and the truth is no one…
Economics
2 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 ...
Economics
5 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 ...
Critiques
8 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”, ...
Business
11 months 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, ...
Critiques
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? ...
Critiques
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 ...
Economics
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 ...
Economics
3 years ago
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 ...
