Lebanon's Economy Immune from Crisis Threat

Axing of jobs in the Gulf adds to fears about recession hitting Lebanon
Daily Star - Lebanon - Beirut, Lebanon
BEIRUT: Economists and experts on Monday were divided on the impact of the global recession on Lebanon with some saying that the country is still immune from the crisis while others expect lower Gross Domestic Product (GDP) growth in 2009. The threat of a looming economic crisis in Lebanon has become more evident amid news that some of the large real estate and contracting firms in Dubai have started laying off parts of their staff due to a lack of liquidity. ...