Lebanon: Regional events are negative for an already fragile state

9/20/2014 - Report
ic_blogtagLebanonBusiness ClimateCountry RiskGrowthTrade
Lebanon's GDP growth is subject to a double negative influence: domestic constraints and adverse regional effects. Inflationary pressures emanating from the influx of Syrian refugees are partially offset by current weaker prices for imported foodstuffs.

The exchange rate system is highly unlikely to change in the forecast period. Large fiscal deficit and similarly large current account shortfalls although external debt obligations, despite rising, are manageable. Risilient banking sector.

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Lebanon: Regional events are negative for an already fragile state - Report