The German Central Bank on Friday sharply lowered its growth forecasts for next year and said it would take time for Europe’s largest economy to emerge from recession. Announcement The German Central Bank expected the production rate to reach 0.4 percent in 2024, down from its last forecast of 1.2 percent in June. In 2023, … Read more
The World Bank considered that “the cash economy in dollars in Lebanon, which is estimated at about $9.9 billion in 2022, or about half the size of the Lebanese economy, has become a major obstacle to achieving economic recovery” in a country suffering from an acute crisis. The World Bank has warned of growing dependence … Read more
A French judge issues an international arrest warrant against the Governor of the Banque du Liban, Riad Salameh [فرانس برس] The French judge in charge of investigating the funds and property of Central Bank of Lebanon Governor Riad Salameh in Europe issued an international arrest warrant against him on Tuesday, after he was absent from … Read more