hold spending has been consistently on the rise, and grew 1.2% in October compared to a year ago. It marked a fifth consecutive month of gains since falling 0.5% in May.This is also expected to show some sluggishness, according to Thieliant, who said real wages in the nation will eventually impact the wider consumption activity.”The recovery in spending will have to slow as these households get hit by real incomes,” said Thieliant, as the nation saw sharpest contraction in real wages in more than seven years.This article was originally published by cbnc.
Trending
- Lebanon deals with Hezbollah, Israel, and U.S. diplomacy
- Vitol to ship first post-sanctions Syrian crude in boost for economy
- Deadly clashes during the arrest of Lahur Sheikh Jangi in Iraqi Kurdistan
- US-led coalition commandos capture and kill terrorists in Idlib
- Netanyahu’s “Greater Israel” Vision Sparks Widespread Arab Condemnation
- Trump’s trade route between Turkey, Armenia and Azerbaijan sidelines Russia and China: interview with Vera Yacoubian
- Israel assassinates journalists in Gaza, while the U.S. shields Netanyahu
- Lebanon faces a new civil war amid U.S. and Israeli pressure