Lebanon’s economic growth to jump by 2.5pct
14 Feb 2017
(MENAFN) Lebanon’s GDP growth will reach 2.5 percent this year compared to 2 percent by the IMF, the projection came in a survey conducted by Economena Analytics.
The survey emphasized that the economists were unanimous in their expectations of a rebound in tourist’s arrivals to Lebanon and to growth in hotel occupancy rates.
Accordingly, all sectors of the economy are predict to post positive increase this year, a remarkable reversal from 2016, led by an increase rebound in activity restaurants and hotels.
The economists projected higher remittances and exports this year amid increasing oil prices and a possible improvement in conditions for transportation.