Overheating Concerns Are Overplayed… But So Is Energy Enthusiasm

BMI View: Lebanon will find it hard to sustain the 2009 level of outperformance, in terms of real GDP growth, but as long as there is no further conflict with Israel, it will be among the strongest performers in the region. We are cautious as to the positive impact of new natural gas exploration activities at this stage. At best, they will reduce Lebanon's import bill, although the trade deficit will remain

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