September 19, 2007
In its latest report for the fourth quarter of 2007, London-based Business Monitor International (BMI) maintained its 2007 real GDP growth forecast for Lebanon at 2 percent. However, the agency, which conducts credit rating and country risk research, believes that this growth is propelled by postwar reconstruction activity rather than a vibrant overall economic situation.
The forecast stems from BMI’s belief that the precariousness of consumer and investor confidence has driven the economy into a state of "just getting by." Nonetheless, the country has huge growth potential, the report said.
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