Macroeconomic Forecast Lebanon

August 2005 | Macroeconomic Forecasts

We have revised our 2005 real GDP growth forecast down from 3.5% to 3%, in view of the negative impact of recent political upheavals on economic activity. However, serious long-term damage to the economy, through for example a currency and debt default crisis, has so far been avoided. Our 2006 forecast of 2.5% growth therefore remains unchanged. On the downside, however, further instances of civil conflict cannot be ruled out

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