Macroeconomic Forecast Macroeconomic Forecasts – Lebanon

BMI View: According to the Central Administration of Statistics, consumer price inflation in Lebanon came in at a 32-month low of 1.9% y-o-y in June, down from 2.9% and 3.5% in May and April, respectively. In month-on-month terms, prices contracted 1.3% in June. In our view, the sharp slowdown in inflation in recent months is primarily a reflection of weak demand-side pressures, as economic activity remains weak alongside a drop in investment and consumption patterns. Going forward we project CPI coming in at 3.2% at the end of 2012.

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