Bank Audi: Lebanon's economy fared better than expected this summer

A report from Bank Audi indicated that the Lebanese economy managed to withstand the summer season relatively well, despite the ongoing financial crisis since 2019 and the intermittent war with Israel since 2023. The number of arrivals through Beirut Airport decreased by 5.8% in the third quarter of 2026, showing an improvement compared to a previous decline of 44.4%. Additionally, real estate sector sales dropped by 24% during the first eight months, while the average transaction value increased by 26%. Despite these challenges, Eurobond prices rose from 24 to 27.5 cents on the dollar, reflecting expectations of a Lebanese sovereign debt restructuring. Overall, economic indicators continue to suggest limited recovery, with GDP expected to contract between 5% and 11%, amid efforts to restore financial stability and make progress in negotiations with the International Monetary Fund.

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