Home BusinessLebanon’s banks remain stable, seeing moderate growth

Lebanon’s banks remain stable, seeing moderate growth
ENAR

by Thomas Schellen

Socioeconomically, Lebanon at the end of 2018 gives the appearance of having experienced a year of only two seasons: an overlong Carnival of political absurdities, and a Halloween of economic horrors. As opposed to the usual cycles of tilling, seeding, ripening, and harvesting, these two seasons of 2018 were profoundly unproductive. If this failure of productivity has led the country to deteriorate in popular perception into a haunted house with many vacant dwellings, the financial sector nonetheless remains the top-performing attraction in the house of Lebanon. In this sense, banking looks like a huge, flattering, magical mirror right in the hallway of this haunted house that affords those who look into it the best possible reflection of the national economic reality. International observers, local economists, members of the business community, and broad swaths of the population appear unanimous in their view of the banking sector as the remaining primary motor

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