Lebanon Economic Monitor, Fall 2014 : Downside Risks Materialize

A new domestic political stalemate has developed while spillovers from the Syrian conflict further exacerbated. A mid-year lull in the security situation gave a temporary boost to consumer and investor sentiment. Lebanon’s current account deficit r...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	LIVING STANDARDS FUNDING SOURCE MONETARY POLICY RISKS FINANCIAL SERVICES DEPOSIT POVERTY LINE DEPOSITS PEOPLE PROTECTION POLICIES SKILLED WORKERS FINANCING VILLAGE INFORMATION SYSTEM INCOME INTEREST LOAN-TO-DEPOSIT RATIO EMPLOYMENT OPPORTUNITIES INTEREST RATE ECONOMIC DEVELOPMENTS SOCIAL SAFETY NET PUBLIC SERVICES INEQUALITIES POLITICAL ECONOMY EXCLUSION REVENUES BANK DEPOSIT FISCAL POLICY LIQUIDITY RISK WELFARE LOAN FEE SUBSIDY MEANS TESTS SOCIAL PROGRAMS PAYMENTS SOCIAL ASSISTANCE LABOR MARKET POLICIES BENEFICIARIES CONFLICT MEASURES SAFETY NETS POVERTY REDUCTION EXPATRIATES ECONOMIC ACTIVITY LABOR MARKET SAVINGS INCIDENCE ANALYSIS JOB OPPORTUNITIES CURRENT ACCOUNT CAPITAL FORMATION VULNERABLE HOUSEHOLDS FOREIGN CURRENCIES SCHOLARSHIPS INTEREST RATES TRANSFERS JOB LOSS DEBT PRIVATE INVESTMENT DEVELOPMENT CENTERS SOCIAL SECURITY SOCIAL PROTECTION VENTURE CAPITAL LOANS ENTERPRISES CASH BENEFITS HOSPITAL SERVICES PRICE SUBSIDIES ELIGIBLE BENEFICIARIES SOCIAL DEVELOPMENT CASH TRANSFERS SUBSIDIES REAL ESTATE FINANCE FOREIGN CURRENCY VOUCHER INTERNATIONAL AID CONSUMER CONFIDENCE FISCAL DEFICIT BANKS EXPENDITURE UNIVERSAL SUBSIDIES UNEMPLOYMENT EQUITY GRANT SOCIAL SAFETY NETS HEALTH BENEFITS HUMAN CAPITAL SSN SOCIAL SPENDING BENEFIT LEVELS INTEREST PAYMENTS FOOD SECURITY CAPITAL SOCIAL SERVICES FEE WAIVERS SCHOOL ATTENDANCE BANK FOOD ASSISTANCE CREDIT FIXED CAPITAL TREASURY BILLS DISABLED PERSONS SAFETY NET URBAN AREAS HOUSEHOLD EXPENDITURES SOCIAL ACTION REFUGEE PROPERTIES JOB CREATION MALNUTRITION MEANS TESTING REFUGEES VOUCHERS BALANCE SHEET NUTRITION PUBLIC WORKS VULNERABLE PEOPLE DIVERSIFICATION SKILLED LABOR PROFITABILITY CREDIT RISK INSURANCE FOOD INSECURITY TARGETING PUBLIC RESOURCES SECURITY BUSINESS ACTIVITY FINANCIAL MARKET INVESTMENT EXTREME POVERTY COMMERCIAL BANKS HOUSEHOLDS POVERTY FINANCIAL MARKETS TARIFF CONDITIONAL CASH REVENUE LABOR SUPPLY PUBLIC SCHOOLS STUDENTS INVESTMENTS CAPITAL FLOW POOR EXCHANGE RATE FOOD VOUCHERS FAMILIES RISK AVERSION OUTREACH SHOCK BUDGETARY ALLOCATION LABOR MARKETS PUBLIC SERVICE JOBLESS SOCIAL WORKERS UNSKILLED LABOR PRICE SUBSIDY GROUPS OF PEOPLE START-UPS DISABLED GOVERNMENT INTERVENTION INEQUALITY
Online Access:	http://documents.worldbank.org/curated/en/2015/04/24418256/lebanon-economic-monitor-downside-risks-materialize http://hdl.handle.net/10986/21969

Description
Summary:	A new domestic political stalemate has developed while spillovers from the Syrian conflict further exacerbated. A mid-year lull in the security situation gave a temporary boost to consumer and investor sentiment. Lebanon’s current account deficit remains elevated, albeit lower than during the pre-crisis period. Lebanon’s fiscal position continues to deteriorate. Banque du Liban maintained an expansionary monetary stance to support the economy, while sustaining confidence in the Lebanese pound. Conservatism in financial regulations and private sector banking helped maintain a well-capitalized and resilient domestic banking sector, despite sluggish growth and downgrades by international rating agencies. The expanding political stalemate at home and regional spillovers pose significant downside risk to growth. The Lebanon economic monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon.

Lebanon Economic Monitor, Fall 2014 : Downside Risks Materialize

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