FINANCIAL NEWS

Lebanon to achieve 2.2 percent GDP growth in 2015

18 Mar 2015

(MENAFN) Lebanon’s economy is set to achieve a modest growth of 2.2 percent due to the Central Bank’s stimulus package and the modest recovery in exports, The Daily Star reported.

According to the IIF, the ongoing regional political uncertainties and security breaches have kept consumer confidence and investor sentiment at low levels, which has limited economic activity.

The chief economist for the MENA region at the IIF said that a stronger economic rebound in 2015 and 2016 hinges on an improvement in the security situation and the election of a new president.

“Lebanon’s economic performance has been lackluster, reflecting policy inaction amid a protracted political crisis and rising regional insecurity,” the chief economist added in the statement.

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