Lebanon : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lebanon

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Lebanon : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lebanon
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Volume/Issue:
2017/19
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
January 2017
DOI:
http://dx.doi.org/10.5089/9781475570618.002
ISBN:
9781475570618
ISSN:
1934-7685
Page:
70
This 2016 Article IV Consultation highlights that Lebanon's economic growth remains subdued. Following a sharp drop in 2011, growth edged upward briefly to 2-3 percent, but has now slowed again. The IMF staff estimates that GDP increased by 1 percent in 2015, and a similar growth rate in 2016 is projected. Lebanon's traditional growth drivers-tourism, real estate, and construction-have received a significant blow and a strong rebound is unlikely based on current trends. In the absence of a turnaround in confidence, or a resolution of the Syrian conflict, growth is unlikely to return to potential (4 percent) soon.
Article

Statement by Hazem Beblawi, Executive Director for Lebanon and Sami Geadah, Alternate Executive Director, December 12, 2016

Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Published Date:
January 2017
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