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It is widely known that data in Lebanon is lacking, and difficult to access even in cases where it does exist.This is an important preliminary step to a desired level where Lebanon's economic database can be rich, sound, well-maintained and, most importantly, published in a timely manner.The most popular economic indicator, gross domestic product, is published with an important time lag in Lebanon. In 2018, Lebanon's Central Administration of Statistics published the country's 2016 national accounts; this is in striking contrast to the quarterly publishing of GDP data in the U.S. by the Bureau of Economic Analysis. The average PMI reading of 46.2 in the first nine months of the year pointed toward a real GDP growth of 1 percent over the period and also substantiates our estimate that growth for the entire year will not surpass 1 percent.Lebanon does have the tools to track the performance of major economic sectors. It is true that Lebanon does not release a GDP by sector per se; however, it is endowed with a set of sectoral indicators that allow for the deduction of trends and performance. Lebanon needs reliable, transparent and scientific data. Sentiment in Lebanon is the predominant economic indicator.
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