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One person's trash is definitely another person's treasure in Lebanon, but record inflation and the tanking economy have made finding it a lot harder.
Media industry experts are forecasting reduced growth in 2023 for the ad industry. Investment in creator-economy startups was, by one count, down 79% year-over-year last quarter.
Lebanon's economy has made impressive gains since the launch of "Horizon 2000," the government's $20 billion reconstruction program in 1993. Real GDP grew 8% in 1994 and 7% in 1995 before Israel's Operation Grapes of Wrath in April 1996 stunted economic activity. Real GDP grew at an average annual rate of less than 3% per year for 1997 and 1998 ...
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
Body inflation or Inflation fetish is the practice of inflating or pretending to inflate a part of one's body, often for sexual gratification. It is commonly done by inserting items such as balloons, bouncy balls, or beach balls underneath clothes or a skin-tight suit and then inflating them. Some people have specially made inflatable suits, to ...
Without reforms, Lebanon will continue to see triple-digit inflation, and public debt in the small, crisis-ridden country could reach nearly 550% of GDP by 2027, the International Monetary Fund ...
Credential inflation refers to the devaluation of educational or academic credentials over time and a corresponding decrease in the expected advantage given a degree holder in the job market. Credential inflation is thus similar to price inflation, and describes the declining value of earned certificates and degrees. Credential inflation in the ...
The week ahead will bring a reading on inflation and several labor data points as the Fed's path forward remains in focus.