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Tensions have damaged economy: commerce head.

Summary: The head of the Chambers of Commerce Mohammad Choucair said Friday the recent political tensions that have swept Lebanon adversely affected the country's economy and reputation. However, he praised President Michel Aoun's intervention in the crisis.

BEIRUT: The head of the Chambers of Commerce Mohammad Choucair said Friday the recent political tensions that have swept Lebanon adversely affected the country's economy and reputation. However, he praised President Michel Aoun's intervention in the crisis.

"What happened in the street over the past few days has had an impact on the already difficult economic situation in Lebanon because Lebanon's reputation and its economy were adversely affected," he was quoted as saying in a statement from Aoun's office.

However, Choucair conveyed the "satisfaction of [economic] bodies with President Aoun's initiative," saying it had positively impacted the trajectory of financial markets and the economy.

Choucair also said he intends to send Lebanese economic delegations abroad to "re-market Lebanon," adding he hoped Aoun's initiative would be a "good start," for the country.

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Publication:The Daily Star (Beirut, Lebanon)
Geographic Code:7LEBA
Date:Feb 3, 2018
Words:184
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