LEBANON WEEKLY MONITOR MAY 31 - JUNE 6, 2021 WEEK 23 Economy ____________________________________________________________________________ p.2 A 38% DROP IN AVERAGE BDL COINCIDENT INDICATOR IN 2020 BDL’s coincident indicator, a cyclical indicator for Lebanon’s economic activity and which aggregates CONTACTS a number of real sector indicators, has reported 173.9 in December 2020, or an average of 180.2 in the Treasury & Capital Markets year 2020, contracting by 38.4% relative to the year 2019. Bechara Serhal Also in this issue (961-1) 977421 p.3 Merchandise at Port of Beirut up by 13% in first four months of 2021
[email protected] p.3 Value of cleared checks down by 22% in the first five months of 2021 Private Banking p.4 Tripoli Port revenues improve by 158% year-on-year in March 2021 Toufic Aouad (961-1) 954922 Surveys ____________________________________________________________________________
[email protected] p.5 LEBANON'S FINANCIAL CRISIS LIKELY TO RANK IN THE TOP 10, POSSIBLY THREE, MOST Corporate Banking SEVERE CRISES EPISODES GLOBALLY SINCE 1900, AS PER THE WORLD BANK The World Bank recently issued its Lebanon Economic Monitor which provides an update on key Carol Ayat economic developments and policies over the past six months. (961-1) 959675
[email protected] Also in this issue Marketing and Communications p.6 Lebanon is regionally uncompetitive with regard to labor market risks due to a host of issues, as per Fitch Solutions Jean Traboulsi (961- 1) 977350
[email protected] Corporate News ____________________________________________________________________________ p.7 BLC BANK’S NET PROFITS AT US$ 2.7 MILLION IN THE FIRST QUARTER OF 2021 BLC Bank announced net profits of US$ 2.7 million in 1Q 2021, according to its latest release.