5 Hrs
Source:
LBCI Lebanon
Supera: Summer performance below forecasts
The Vice President of the Lebanese Companies Association stated that economic activity in Lebanon for the current July remains at modest levels, significantly lower than in previous years. This hampers the recovery of the private sector, which had relied on the summer season to offset losses. He emphasized that introducing new charges, such as increasing the VAT rate by 1%, would further complicate the economic situation and negatively impact the national economy. He called for a reconsideration of these measures and the pursuit of reform alternatives that ensure financial and economic stability. Reports underline that the current phase requires well-thought-out economic decisions and a reform vision to strengthen economic stability and promote recovery.
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