20 Hrs
Source:
Lebanese Forces
Lebanese Forces Warns of Consumer Decline
Lebanon is experiencing a sharp decline in consumer activity due to the deteriorating economic situation, with spending decreasing in sectors such as restaurants, cafes, supermarkets, and gas stations. It is evident that households are turning to austerity measures, halting non-essential purchases, reducing outings, and relying solely on necessities. This shift is a result of rising living costs and diminished purchasing power. It is expected that this consumer-driven economic pattern will persist based on families' ability to endure, though there are risks that this downturn could extend into a broader contraction in the coming months.
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