Middle East Economic Survey


No 33



Lebanese Economy Set To Grow By 6% In 2009

The Lebanese economy is expected to grow by 6% in 2009, the Governor of the Central Bank of Lebanon (CBL) Riad Salamah told LOrient Le Jour newspaper. The International Monetary Fund (IMF) has recently reduced the rate of projected decline in gross domestic product (GDP) and now estimates GDP growth at 4% growth this year (instead of 3%), with a significant upside potential should domestic...