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The Lebanese private sector continued to reel under the severe economic slowdown in the first five months of 2016, BLOM PMI said Friday. It added that economic activity within the Lebanese private sector remained firmly in contraction area in May.The report also noted that weakness on the demand side continued to affect businesses' price setting and employment strategies.It added that job losses were recorded across Lebanon's private sector economy for the third straight month, though the rate of staff shedding remained modest.
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