Macroeconomic Forecast Lebanon

Lebanon's trade deficit continued to expand at an alarming rate through September 2011, having increased to US$16.4bn compared to US$10.2bn in the same time period in 2010. Growth in imports far outpaced that of exports, with the former having expanded 52.9% y-o-y through September, compared to 26.9% for the latter. Given the potential for international capital markets to deteriorate in 2012, Lebanon's growing current account deficit poses a significant risk to underlying economic stability at the moment.

To read the full article, please choose one of the following options: