World Bank update about Lebanon

Robin Hood

Robin Hood

Legendary Member
Orange Room Supporter
Lebanon's Economic Update - April 2019
Latest Issue:

  • April 2019























Image





Real GDP in 2018 is estimated to have grown by only 0.2 percent, reflecting a deceleration in economic activity linked to policy-based tightening of liquidity. The latter includes a halt in subsidized lending by the central bank, the Banque du Liban (BdL) that was being channeled via commercial banks to (mostly) the real estate sector, providing a rare source of growth impetus since 2012. Further, growth in 2017—when BdL schemes were still in effect—was revised downward to 0.6 percent (from 1.5), illustrating economic frailty.
Indeed, high frequency indicators point to a broad-based economic slowdown in 2018. Tourist arrivals rose by only 5.8 percent in 2018, almost half of the 2017 rate, while real estate indicators point to an outright contraction in the sector; cement deliveries decreased by 5.3 percent year on year (yoy) in the first eleven months of 2018.
The Ministerial Statement for the new Government, which motivated a vote of confidence by Parliament, reflects a commitment to significant structural reforms and the will to effect the CEDRE opportunity.
While this constitutes a positive signal, our baseline scenario precludes this outlook. Instead, lack of obvious sources for an economic boost suggests medium-term economic prospects remain sluggish. On the fiscal side, a gradual rise in the fiscal deficit-to-GDP ratio is expected over the medium term, in light of rising debt service. Externally, the current account deficit is expected to decline somewhat due mainly to suppressed imports, as slow economic growth is weighed down by tightened monetary policy. On the social side, poverty projections are unavailable; substantial structural changes that the country has been undergoing in large part due to the significant refugee influx preclude the use of 2011/12 survey data for estimating poverty in recent years
 
  • Advertisement
  • Robin Hood

    Robin Hood

    Legendary Member
    Orange Room Supporter
    Source:
     
    !Aoune32

    !Aoune32

    Well-Known Member
    GDP 0.2%
    ridiculous! politicians have a lot of work to do. they should start tackling corruption and not this half ass solutions.
     
    V

    Viral

    Member
    The World Bank and the IMF along with Moody's, Fitch and other fraudulent rating institutions and publications like Bloomberg are imperialistic tools used to manipulate and suffocate mainly third World countries’ economies to blackmail them in order to gain control of their behavior and political votes at the UN.
    If you care about your country and its people’s welfare, refrain from posting their negative propaganda or even discussing it. Be smart. Don’t become one of their tools and servants.
    There has been an effort for the past two years, to put artificial pressure on the L.L. by scaring off investors into withdrawing their funds which could eventually create a trickle down and cause the currency and the economy to collapse. Collapsing economy means poverty leading to unrest putting pressure on the Lebanese government to lose its sovereignty and make political choices against its citizen’s best interests in return for partial economic relief hence becoming their slave.
    It is very important to project an optimistic attitude and confidence in our country to attract expatriates who are our only hope to keep Lebanon vibrant. The expatriates’ wealth that are prepared to return, is much more than enough to cover what Lebanon needs to keep its currency and economy afloat.



    Mods, @Jo I urge you to remove the misleading word “Pessimism” from the title.
    Thanks
     
    V

    Viral

    Member
    Needless to say, only one third of the US dollars are printed. The two third are imaginary. Only people’s confidence in the dollar is holding its value.
    If in a hypothetical example, every dollar investor went to the bank simultaneously and asked for their funds in cash, they’ll find out the hard way two third of their money does not exit. So the mighty dollar is in fact partial crypto currency without realizing it and could potentially be deflated very quickly something the Chinese have a lot of control over it since they own the US biggest debt. And that’s exactly what they are trying to do to the L.L. Only Lebanon is too weak to protect its currency without outside help from expats.
     
    Nonan

    Nonan

    Legendary Member
    Orange Room Supporter
    The World Bank and the IMF along with Moody's, Fitch and other fraudulent rating institutions and publications like Bloomberg are imperialistic tools used to manipulate and suffocate mainly third World countries’ economies to blackmail them in order to gain control of their behavior and political votes at the UN.
    If you care about your country and its people’s welfare, refrain from posting their negative propaganda or even discussing it. Be smart. Don’t become one of their tools and servants.
    There has been an effort for the past two years, to put artificial pressure on the L.L. by scaring off investors into withdrawing their funds which could eventually create a trickle down and cause the currency and the economy to collapse. Collapsing economy means poverty leading to unrest putting pressure on the Lebanese government to lose its sovereignty and make political choices against its citizen’s best interests in return for partial economic relief hence becoming their slave.
    It is very important to project an optimistic attitude and confidence in our country to attract expatriates who are our only hope to keep Lebanon vibrant. The expatriates’ wealth that are prepared to return, is much more than enough to cover what Lebanon needs to keep its currency and economy afloat.



    Mods, @Jo I urge you to remove the misleading word “Pessimism” from the title.
    Thanks
    Don’t shoot the messenger. Do you think the Lebanese economy is healthy? Just ask around local Lebanese how they’re feeling. Having worked with the World Bank, I can tell you that while the researchers and analysts are not perfect and are guided by a certain Economic theory / framework, seeing conspiracy theories everywhere is misplaced.
    We’re better off focusing our energy on making our country better than constantly blaming the غريب
     
    Omeros

    Omeros

    Legendary Member
    Orange Room Supporter
    حاكم مصرف لبنان والهندسة المالية، بروبغندا مضادة... علما الهندسة هيدي ممش نفسها
    financial engineering
    @Viral have a point and @Nonan 2 ....

    لا مع ولا ضد لازم نكون
    موضوعين افضل موقف
    شو شايفين جماعة ... مشي حال الاقتصاد بعد عرس ايلي صعب جونيور ؟
     
    V

    Viral

    Member
    حاكم مصرف لبنان والهندسة المالية، بروبغندا مضادة... علما الهندسة هيدي ممش نفسها
    financial engineering
    @Viral have a point and @Nonan 2 ....

    لا مع ولا ضد لازم نكون
    موضوعين افضل موقف
    شو شايفين جماعة ... مشي حال الاقتصاد بعد عرس ايلي صعب جونيور ؟
    If we can only convince the Drama Queens (and Kings) to shut up so millions of wealthy Lebanese be encouraged to come over and flood the country with enough liquidity so no matter what Doctor Doom says the country will always rise like a phoenix…
     
    Robin Hood

    Robin Hood

    Legendary Member
    Orange Room Supporter
    If we can only convince the Drama Queens (and Kings) to shut up so millions of wealthy Lebanese be encouraged to come over and flood the country with enough liquidity so no matter what Doctor Doom says the country will always rise like a phoenix…
    Why? Lebanon is a third-world shithole.
     
    Robin Hood

    Robin Hood

    Legendary Member
    Orange Room Supporter
    Is that where you come from?
    Unfortunately. Look at the trash and bad electricity, plus the corrupt politicians. Lebanon isn't a modern country, it's a shithole.
     
    Omeros

    Omeros

    Legendary Member
    Orange Room Supporter
    If we can only convince the Drama Queens (and Kings) to shut up so millions of wealthy Lebanese be encouraged to come over and flood the country with enough liquidity so no matter what Doctor Doom says the country will always rise like a phoenix…
    i was working on this topic before LAYLA Drama , do3et wen kenet
     
    V

    Viral

    Member
    i was working on this topic before LAYLA Drama , do3et wen kenet
    I was listening to Ziad Rahbani explaining Idelogiet El Te3teer:lol:
    I imagine you met him at your previous post. I used to see him hang there;)
     
    My Moria Moon

    My Moria Moon

    Legendary Member
    Orange Room Supporter
    The World Bank and the IMF along with Moody's, Fitch and other fraudulent rating institutions and publications like Bloomberg are imperialistic tools used to manipulate and suffocate mainly third World countries’ economies to blackmail them in order to gain control of their behavior and political votes at the UN.
    If you care about your country and its people’s welfare, refrain from posting their negative propaganda or even discussing it. Be smart. Don’t become one of their tools and servants.
    There has been an effort for the past two years, to put artificial pressure on the L.L. by scaring off investors into withdrawing their funds which could eventually create a trickle down and cause the currency and the economy to collapse. Collapsing economy means poverty leading to unrest putting pressure on the Lebanese government to lose its sovereignty and make political choices against its citizen’s best interests in return for partial economic relief hence becoming their slave.
    It is very important to project an optimistic attitude and confidence in our country to attract expatriates who are our only hope to keep Lebanon vibrant. The expatriates’ wealth that are prepared to return, is much more than enough to cover what Lebanon needs to keep its currency and economy afloat.



    Mods, @Jo I urge you to remove the misleading word “Pessimism” from the title.
    Thanks
    If we can only convince the Drama Queens (and Kings) to shut up so millions of wealthy Lebanese be encouraged to come over and flood the country with enough liquidity so no matter what Doctor Doom says the country will always rise like a phoenix…
    All moumena3a prose but no muscles makes Abdullah a poor boy

    Meaning that the problem with your approach, which by the way I applaud but not advice, is that the very expatriates you put your hopes in do actually listen carefully to only these ravens ominous predictions and quarterly reports about your country's miserable state.

    The only quick and dirty workaround to a safer exist from this acutely disheartening economic deadlock, is for your eunuch politicians to stand together as one national block and dare a breakthrough attempt against the compact Saudi/Israeli/American wall that still prevents your country from extracting whatever gas resources you have in the sea. Else, you're crushed at the blink of an eye if those financial institutions you abhor so much decide to.
     
    Omeros

    Omeros

    Legendary Member
    Orange Room Supporter
    حدن فاهم مقولة لبنان الى مستوى خردة ؟
    انا مش فاهمة المعنى حدن فاهم منكن؟
     
    Iron Maiden

    Iron Maiden

    Paragon of Bacon
    Orange Room Supporter
    حدن فاهم مقولة لبنان الى مستوى خردة ؟
    انا مش فاهمة المعنى حدن فاهم منكن؟
    أنا ما بعرف أقرا عربي
     
    Omeros

    Omeros

    Legendary Member
    Orange Room Supporter
    أنا ما بعرف أقرا عربي
    i was searching since 2 hrs seems the junk level is based on junk bonds but junk bonds arent the bonds of the gov
    fham eza fik tefham
     
    Iron Maiden

    Iron Maiden

    Paragon of Bacon
    Orange Room Supporter
    i was searching since 2 hrs seems the junk level is based on junk bonds but junk bonds arent the bonds of the gov
    fham eza fik tefham
    بدك تشوفي مع رئيس مصرف لبنان مدري شو إسمو
     
    Top