Lebanon's Economy Positive in 2009 Despite Global Economy Downturn

Lebanon: High Hopes for Growth and Stability

Zawya

Lebanon is proving resilient to the downturn in the global economy, with solid growth levels predicted for this year, though there are potential pitfalls that could upset the positive predictions.

On February 26 Riad Salameh, the governor of Lebanon's central bank, said the economy was expected to perform strongly in 2009. He told the local media that Gross Domestic Product (GDP) could expand by 4% this year, while inflation could drop from last year's 10.7% to 4%. ...