Why Lebanon’s Economic Minister is telling Beirut to spend more?!
Written by Najib

 

In his first public appearance since his appointment as economy minister, Alain Hakim Wednesday urged the Lebanese to increase consumption to help revive the struggling economy. “I call upon the Lebanese people not to give in to security threats prevailing in Lebanon and to join their efforts in activating internal tourism and increasing their consumption in addition to visiting restaurants and shops,” he said. Hakim’s remarks came during a meeting with private sector officials at the Chambers of Commerce. Hakim asked the public to rely on their own capabilities to revive the economy until the security situation improved and Arab tourists returned to Lebanon.

 

“We cannot wait for the security situation to stabilize in order to build our economy and activate the different economic sectors,” he said. “We should try and adapt to the current situation.” [Link]