Lebanon Economic Monitor, Fall 2016 : The Big Swap - Dollars for Trust
The Lebanon Economic Monitor provides an update on key economic developments and policies overthe 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 th...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/560211478178124830/Lebanon-Economic-Monitor-The-big-swap-dollars-for-trust http://hdl.handle.net/10986/25356 |
| Summary: | The Lebanon Economic Monitor provides an
update on key economic developments and policies overthe
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. Its coverage ranges from the macro-economy
tofinancial markets to indicators of human welfare and
development. As the political stalemate continues,
policy-making bodies of the country are mostly inoperative.
This is manifested by a presidential vacancy for two and a
half years, a parliament that seldom convenes and a cabinet
that hardly finds a consensus to take decisions. Amid fiscal
policy paralysis, monetary policy under the proactive Banque
du Liban (BdL) continues to actively manage economic and
financial challenges facing the country. Economic activity
in 2016 is marginally picking up, thanks to the construction
and travel sectors in the context of benign security
conditions. Real GDP growth is estimated to have reached 1.3
percent in 2015 and is projected to accelerate slightly to
1.8 percent, in 2016, partly on account of a moderate first
half of 2016. |
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