Middle East Economic Survey


No 2



Lebanons Debt To GDP Ratio Expected To Decline Further In 2010

Lebanons Central Bank Governor Riad Salamah expects the countrys public debt to GDP ratio to fall further in 2010 thanks to the continued drop in interest rates and growth in the size of the economy. According to The Daily Star newspaper of 6 January, Mr Salamah said that the debt to GDP ratio fell to 153% in June 2009 from 188% at the end of 2006. Lebanons public debt now...