Macroeconomic Forecast Lebanon

We have raised our 2010 real GDP growth forecast to 3.8% (from 3.3%), with gross fixed capital formation (forecast to be up 6.0% in 2010) and government consumption (up 6.0%) again being the outperformers, as has been the case in 2009. In 2011, we see growth rising further, to 4.6%. Political shocks, as always, provide downside risks to our forecasts.

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