The United States was named the world's most competitive economy by the World Economic Forum (WEF) on Wednesday. In its Global Competitiveness Index, WEF — known for its annual economic forum in Davos, Switzerland — ranked the U.S. as the most competitive of 140 economies, the first time the nation has reached the top spot in a decade.
Head of the Kataeb's Economic and Social Council Jean Tawile Sunday affirmed that the monetary situation in Lebanon is under control, warning, however, that the country is facing a real economic crisis. "This is not a secret, but rather a concrete reality. If this crisis continues, then it will have a negative impact on the monetary situation," Tawile said in an interview on Voice of Lebanon radio station.