GDP

Rising Prices, Stagnant Wages: An Ever-Harder Daily Struggle

Liliane Mokbel, 19/03 18:20 - Reading : 3 minute(s)

Salaries Minimum wage Government inflation GDP

In one of his first statements to the press, the new Minister of Labor, Mohammad Haidar, said that raising the minimum wage is among his priorities. He noted that the matter would be discussed with Finance Minister Yassine Jaber but did not specify a figure. Recently, some have called for a minimum wage of $1,000—five times the current ...

The IMF Raises Its 2023 Growth Forecast for Lebanon's GDP

This is Beirut, 2024-11-20 12:55 - Reading : 2 minute(s)

International Monetary Fund Lebanon GDP

The International Monetary Fund (IMF) has raised its 2023 GDP forecast for Lebanon, now estimating it at $24 billion, up from $16.2 billion in its June 2023 report. This upward revision reflects the adoption of a new methodology for calculating national accounts, leading to a 50% increase in the estimated GDP value. The update is part of the ...

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