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ECONOMIC INSIGHTS
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INSURANCE PREMIUMS IN LEBANON AT $1,185.41 MILLION YTD SEPTEMBER 2020

The insurance sector's gross written premiums dropped by 5.87% on an annual basis to $1,185.41 million in the first nine months of 2020, down from $1,259.32 million in the same period in 2019.

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BUDGET DEFICIT CONTRACTS TO $2.54 BILLION BY AUGUST 2020

Lebanon’s fiscal deficit (Budgetary & Treasury) contracted by 14.10% y-o-y in the first eight months of 2020 to around $2.54 billion, compared to $2.95 billion a year earlier.

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GROSS PUBLIC DEBT AT $94.81 BILLION IN SEPTEMBER 2020

<p>Lebanon’s gross public debt rose by $536.65 million during the ninth month of 2020 to $94.81 billion, up from $94.26 billion in August.</p>

BDL’S FOREIGN CURRENCY RESERVES REACH $20.22 BILLION AS AT MID-NOVEMBER 2020

<p>The Lebanese Central Bank’s balance sheet conveys some $189.63 million contraction in its foreign currency reserves during the first half of November 2020 to $20.22 billion, down from $20.41 billion a fortnight earlier.</p>

BEIRUT PORT FREIGHT ACTIVITY DOWN BY 35.92% Y-O-Y BY OCTOBER 2020

Beirut Port freight activity expanded to around 417 thousand tons during the month of October 2020, up from 372 thousand tons in the previous month.

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ABL ISSUES CIRCULAR FACILITATING IMPORT OF MEDICINE AND MEDICAL SUPPLIES

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