File - Civil servants and public school teachers rally outside the Tourism Ministry in Hamra, Tuesday, May 13, 2014. (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)
The ongoing civil servants strike will have dire effects on the government's revenues and could widen the budget deficit if the salary scale issue is not solved soon, economists said Thursday.Public school teachers and civil servants have been staging strikes and sit-ins over the past six months to press parliament to pass the salary scale.Rock Muhanna, the dean of business and economics at Sagesse University, stressed that the strike has further exacerbated the economic problems of the country, which recorded GDP growth of 1.5 percent in 2013 .For now the impact of the vacuum in the presidency is limited, but the longer it lasts the GDP growth will become lower," Muhanna said.He added that the strike civil servants was especially likely to deal a blow to growth if it persisted. Wazni and Muhanna stressed that the strikes and the political deadlock will gravely affect the cost of doing business in Lebanon.
BBAC still active in Cyprus after financial crisis
Gas deal with British major: Road to growth for Cyprus?
Tax incentive, passports lure investors to Cyprus
FOLLOW THIS ARTICLE