World Economy

Lebanon Economy Declines

Lebanon Economy DeclinesLebanon Economy Declines

The majority of the available real sector indicators in Lebanon recorded a significant decline in May 2015, compared with the previous month as well as the same month in 2014, AME reported. The banking activity, in terms of total assets and liabilities of commercial banks, achieved an acceptable growth rate of 1.5%, reports Lebanon-based Aliwaa. It was clear that some sectors of the economy, especially the growth-stimulating sectors such as tourism, real estate and exports, are suffering from the repercussions of the domestic political crisis. In addition to these factors, the Lebanese economy has remained in a circle of uncertainty, hesitation and weakness, for the fifth month in a row in 2015.