IMF projects Lebanon real GDP growth in 2011 at 1.5 percent
►http://www.dailystar.com.lb/Business/Lebanon/2011/Sep-24/149559-imf-projects-lebanon-real-gdp-growth-in-2011-at-15-percent.ashx
The International Monetary Fund projected economic growth in Lebanon at 1.5 percent in 2011, down from an April forecast of 2.5 percent, and compared to growth of 4 percent in the Middle East & North Africa.
Lebanon’s projected growth rate in 2011 would make it the third-slowest growing economy in the MENA region behind Egypt at 1.2 percent and Tunisia at 0 percent, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. It also would be the 16th slowest growing economy in the world in 2011, as its growth rate is projected to be similar to that of Romania, Jamaica, and the United States.
The IMF also projected Lebanon’s real GDP growth at 3.5 percent in 2012 compared to 3.6 percent in the MENA region and 1.9 percent in the Mashreq countries. Lebanon’s projected growth rate in 2012 would make it the sixth slowest growing economy in the MENA region. Also, it would be the 62nd slowest growing economy globally and would tie with Albania, Montenegro, and Honduras.