Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

BUDGETS AND REVENUES

IMF Commends Lebanons Growth In 2003 But Warns Of Challenges Ahead

Lebanons real GDP growth in 2003 picked up to an estimated 3% with inflation remaining in the low single digits, despite the adverse effects of the war in Iraq, according to the IMF. In its latest Public Information Notice, issued on 7 July following the conclusion of Article IV consultation with Lebanon, the IMF noted that a positive external environment...