Macroeconomic Forecast Lebanon

We are maintaining our long-held view that the Lebanese economy will slow precipitously heading into 2012. A host of consumption, trade and investment indicators through H111 have already shown growth beginning to slow. For the moment, we project real GDP expanding 3.3% and 4.5% in 2011 and 2012 respectively, though caution of growing downside risks to these projections in light of a weaker outlook for the global economy.

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