Posted By
Najib
May 11, 2019 04:42
"Lebanons is nearing fiscal crunch", "Lebanese PM Warns of Catastrophe", "EBRD urges Lebanon to pursue painful economic reforms to avoid crisis", "Lebanon Is Facing an Economic and Environmental Disaster" and "As Lebanon leaders talk austerity, protesters cry ‘thieves!’" are some of the headlines you find online on the current financial situation in Lebanon. Are we facing a financial crisis? Definitely. Is the country on the brink of collapse? We've been hearing that for the past…
Posted By
Najib
Mar 31, 2019 03:55
In 2018, Lebanon's national debt increased by $6.6 Billion Dollars, which amounts to almost $12,500 every minute. This year, the debt is expected to increase by $11 Billion Dollars, which means that that it will increase roughly by $21,000 every minute. If we look at January only, the national debt reached $85.32 billion — nearly 150% of the gross domestic product — an increase of $4.93 billion compared to January 2018. The reasons behind this…
Business
1 year ago
The Lebanese Center for Policy Studies (LCPS) released its Feb 2019 report and revealed some interesting finds after conducting a survey back in October 2018 with 1,200 respondents. According to the repot, The survey was ...
Business
1 year ago
World Bank elections are nearing and Lebanon has put forward a candidate that may challenge U.S. President Trump’s Choice David Malpass. In fact, the status-quo in picking the world bank president, which relied on a ...
Business
1 year ago
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 ...
Economics
1 year ago
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 ...
Business
1 year 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 ...
Economics
1 year 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
2 years 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
2 years 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”, ...
