Unemployment in Lebanon
Lebanon - UnemploymentThe economy remains sickly so far this year. The private-sector PMI was in contractionary territory in June amid falling output and new orders. In addition, the coincident indicator—which measures economic activity—was down year-on-year in April and May, while building permits and cement sales declined sharply in the same period, suggesting a depressed construction sector. However, recent external data is more positive; exports and passenger arrivals through Beirut airport rose in April and May. In politics, Parliament approved the 2019 budget in mid-July, which aims to cut the fiscal deficit and unlock USD 11 billion in donor funds. However, public opposition to austerity could hamper implementation, and the IMF also cast doubt in July on the extent to which the government will cut the deficit. Moreover, investor sentiment is likely to remain fragile.
Lebanon - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Lebanon Unemployment Chart
Source: Statistical, Economic and Social Research and Training Centre for Islamic Countries.
|Exchange Rate||1,508||0.0 %||Jul 31|
|Stock Market||828||0.37 %||Jul 31|
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