TITLE

BMI Research: Emerging Markets Monitor: Lebanon: Wage Hike Net Positive

PUB. DATE
September 2008
SOURCE
Emerging Markets Monitor;9/15/2008, Vol. 14 Issue 23, p17
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article reports on the new minimum wage and a 200,000 Lebanon pound pay increase approved for both public and private sector employees in Lebanon. It notes that the change in wages places the minimum salary at 500,000 Lebanon pound per month and have the treasury incur costs of $500 million a year. It mentions that the change may lead to a decrease in the tensions among a restive society and show that the government can be efficient and pass legislation. It forecasts an end-year rate of 10.0%.
ACCESSION #
34354503

 

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