Current Account in Lebanon
Lebanon - Current AccountAs anxiety spikes over Lebanon’s economic and financial situation, both Moody’s and Fitch Ratings downgraded the country’s outlook to negative in December. Recent data remains underwhelming amid prolonged political impasse. Seven months after the general elections, cabinet posts remain unfilled and a swift resolution to the stalemate is necessary to kickstart the economy and unlock donor funds, especially pertinent given the high public debt and large twin deficits. In the third quarter, construction permits and cement deliveries decreased sharply, while the trade deficit widened and the money supply continued to contract noticeably. Moreover, although the trade deficit narrowed year-on-year in October, construction permits and cement deliveries dropped and the money supply fell yet again in the same month.
Lebanon - Current Account Data
|Current Account (% of GDP)||-26.7||-28.1||-19.6||-23.3||-|
5 years of economic forecasts for more than 30 economic indicators.
Lebanon Current Account Chart
|Exchange Rate||1,509||0.0 %||Jan 16|
|Stock Market||963||0.37 %||Jan 16|
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