People shop at a supermarket in Beirut. (The Daily Star/Mohammad Azakir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Enacting a wage hike for public sector employees would spur inflation if paid in full rather than in installments, economists told The Daily Star Monday.Wazneh said the level of inflation could be minimized if the salary scale was paid in installments over four years.Economists insist paying the wage hike in installments is necessary because it could help curb inflation.Stagflation occurs when the economy isn't growing but prices are.However, Louis Hobeika, an Economics and Finance professor at Notre Dame University, argued that the approval of the wage hike will not spur inflation provided that Lebanese industries that are operating below capacity increase production to meet the forecast increase in demand.
Hajj Hasan says Syria trip aims to boost trade
BLOM boss: Don’t overload Central Bank
Economists urge government to reduce deficit
FOLLOW THIS ARTICLE