Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict

Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict

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 t...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
en_US
Published: Washington, DC 2015
Subjects:
BANKING SECTOR
BANKS
BANQUE DU LIBAN
CAPITAL EXPENDITURES
CREDIT RISK
CURRENT EXPENDITURES
DEBT
DEPOSITS
EMPLOYMENT
FINANCIAL MARKETS
FISCAL POLICY
INFLATION
INTEREST RATES
LABOR MARKETS
NEW ENTRANTS
PROFITABILITY
PUBLIC DEBT
PUBLIC SERVICES
SUBSIDIARIES
VALUE
Online Access:http://documents.worldbank.org/curated/en/2013/09/24411768/lebanon-economic-monitor-brunt-syrian-conflict-fall-2013
http://hdl.handle.net/10986/21971
id okr-10986-21971
recordtype oai_dc
spelling okr-10986-219712021-04-23T14:04:05Z Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict World Bank BANKING SECTOR BANKS BANQUE DU LIBAN CAPITAL EXPENDITURES CREDIT RISK CURRENT EXPENDITURES DEBT DEPOSITS EMPLOYMENT FINANCIAL MARKETS FISCAL POLICY INFLATION INTEREST RATES LABOR MARKETS NEW ENTRANTS PROFITABILITY PUBLIC DEBT PUBLIC SERVICES SUBSIDIARIES VALUE 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. This report discusses the following: a) Spillovers from the Syrian conflict are imposing a heavy toll on Lebanon’s economy which, under an unchanged environment, is projected to grow by 1.5 percent in both 2013 and 2014. b) The economic slowdown and domestic and regional turmoil also affected banking activity. c) After a strong fiscal expansion in 2012, the fiscal deficit continues to widen in 2013, to a large extent driven by the spillovers from the Syrian conflict. d) The balance of payments strengthened during the first seven months of 2013, in part due to the weakening economic activity and sustained capital inflows. e) The conflict in Syria is having a large, negative, and rapidly growing impact on Lebanon’s economy, its social fabric, and its public services (Special Focus). 2015-05-21T18:45:36Z 2015-05-21T18:45:36Z 2013-09 Report http://documents.worldbank.org/curated/en/2013/09/24411768/lebanon-economic-monitor-brunt-syrian-conflict-fall-2013 http://hdl.handle.net/10986/21971 English en_US Lebanon Economic Monitor; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Middle East and North Africa Lebanon
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic BANKING SECTOR
BANKS
BANQUE DU LIBAN
CAPITAL EXPENDITURES
CREDIT RISK
CURRENT EXPENDITURES
DEBT
DEPOSITS
EMPLOYMENT
FINANCIAL MARKETS
FISCAL POLICY
INFLATION
INTEREST RATES
LABOR MARKETS
NEW ENTRANTS
PROFITABILITY
PUBLIC DEBT
PUBLIC SERVICES
SUBSIDIARIES
VALUE
spellingShingle BANKING SECTOR
BANKS
BANQUE DU LIBAN
CAPITAL EXPENDITURES
CREDIT RISK
CURRENT EXPENDITURES
DEBT
DEPOSITS
EMPLOYMENT
FINANCIAL MARKETS
FISCAL POLICY
INFLATION
INTEREST RATES
LABOR MARKETS
NEW ENTRANTS
PROFITABILITY
PUBLIC DEBT
PUBLIC SERVICES
SUBSIDIARIES
VALUE
World Bank
Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict
geographic_facet Middle East and North Africa
Lebanon
relation Lebanon Economic Monitor;
description 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. This report discusses the following: a) Spillovers from the Syrian conflict are imposing a heavy toll on Lebanon’s economy which, under an unchanged environment, is projected to grow by 1.5 percent in both 2013 and 2014. b) The economic slowdown and domestic and regional turmoil also affected banking activity. c) After a strong fiscal expansion in 2012, the fiscal deficit continues to widen in 2013, to a large extent driven by the spillovers from the Syrian conflict. d) The balance of payments strengthened during the first seven months of 2013, in part due to the weakening economic activity and sustained capital inflows. e) The conflict in Syria is having a large, negative, and rapidly growing impact on Lebanon’s economy, its social fabric, and its public services (Special Focus).
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict
title_short Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict
title_full Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict
title_fullStr Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict
title_full_unstemmed Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict
title_sort lebanon economic monitor, fall 2013 : the brunt of the syrian conflict
publisher Washington, DC
publishDate 2015
url http://documents.worldbank.org/curated/en/2013/09/24411768/lebanon-economic-monitor-brunt-syrian-conflict-fall-2013
http://hdl.handle.net/10986/21971
_version_ 1764449566749360128

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