Key View

• At Fitch Solutions, we forecast Lebanon’s average inflation will remain in triple digit coming in at 155.7% in 2022.
• The removal of subsidies, along with elevated commodities prices, a weakening Lebanese pound and higher telecommunication costs will keep inflation in triple digits.
• Risks to our forecast lie to the upside, as delays

Key View

• We believe that consumer spending in Lebanon will return to real growth in 2022 after four consecutive years of contraction. This will be supported by the introduction of cash transfers to vulnerable households and solid remittance inflows as more Lebanese move abroad to escape the worsening economic and social conditions in the

Key View

• Intensifying fiscal restraint has led to further cuts to medicine subsidies as part of stringent cost-containment measures amid exhausted foreign currency reserves.
• Additionally, we are forecasting triple-digit average inflation rates in Lebanon over 2021 and 2022 which will negatively impact multinational drugmaker revenues.
• Medici

Key View

• At Fitch Solutions, we now expect that Lebanon’s GDP will contract by 8.5% in real terms in 2021, due to worsening economic conditions and soaring inflation. We had previously expected a 6.1% contraction.
• Almost all GDP components are expected to drag on headline growth this year. Net exports will be the only exception due to the

Key View

• The aftermath of an explosion in Beirut, Lebanon will restrict medical device imports to the country.
• Following the crisis in Beirut, cases of Covid-19 are spiking and will exacerbate the strain on the healthcare system.
• Medical Device Industry Risks will remain high in Lebanon without increased healthcare expenditure and

Key View

• At Fitch Solutions, we have revised down our 2020 forecast for Lebanon’s real GDP growth to -10.6%, from -3.9% previously.
• The revision reflects mounting fiscal and external pressures on the economy, coupled with disruptions to activity resulting from the Covid-19 outbreak and social distancing measures.
• Beyond 2020, Lebanese