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FinancialNews


  • 09-05-19

    Lebanon economy improves in April

    (MENAFN) Lebanon was able to achieve a slow momentum in its worsening economic condition in April 2019 after its political situation stabilized.

    Declines in the Lebanese private sector slowed while export activities registered the softest drop to be seen in around a year.

    Last month, the Blom Lebanon Purchase Managers' Index (PMI) reached 46.7, climbing from March's 46.3.

    Blominvest Bank general manager Fadi Osseiran commented "the formation of a new government gave the economy a breathing space with a PMI above 46.3 since February."

    Osseiran added "however, it is only with a reforms-based government budget that the economy has a chance to pick up."

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