Posted By
Najib
Sep 14, 2015 03:35
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…
Posted By
Najib
Jul 14, 2015 11:20
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
3 years 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 ...
Economics
4 years 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 ...
Critiques
4 years 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 ...
Economics
4 years 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 ...
Economics
4 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, ...
Economics
4 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 ...
Economics
4 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 ...
Economics
4 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 ...
