Middle East Economic Survey
Government Collapse Is Credit Negative For Lebanese Banks, Says Moody’s
The collapse of the national unity government is credit negative for Lebanon’s banks as it brings into question 2011 economic growth prospects, Moody’s Investors Service said on 17 January. Prior to the collapse of Saad Hariri’s government, GDP growth was projected at 5% in 2011, versus 8% in 2010. “Even in the absence of a...