Lebanon

As we move into 2009, there is barely a country in the world for which BMI had not revised down its growth forecasts, and Jordan, Lebanon and Syria are no exception. The global climate is growth-negative, with investor risk appetite, liquidity conditions and demand for exported goods and services all set to be adversely affected. The three countries have also all benefited over recent years from investment from the oil rich Gulf states, and with falling prices and stalling economies in that region, this too is set to slow sharply. There are some reasons to be hopeful politically - the

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