FINANCIAL NEWS

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.

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MENAFN1402201700450000ID1095246801

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