Lebanon: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
IMF Staff Country Reports, December 14, 2007
Source details
- Canonical URL
- Lebanon: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
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Bibliographic details
- Published: December 14, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451943276.002
Economic impact of the July–August 2006 conflict
- Economic developments in Lebanon in 2006 were significantly affected by the July–August conflict with Israel.
- Real GDP is estimated to have been flat in 2006, with strong growth in the first half of the year offset by the disruptions during and after the conflict.
- The conflict caused supply shortages and an ensuing blockade that disrupted economic activity.
Inflation and supply conditions
- Inflation increased in 2006, mainly reflecting supply shortages during the conflict and the ensuing blockade.
Fiscal developments and IMF assessment
- Executive Directors welcomed the authorities’ success in containing the primary fiscal deficit in the first half of 2007.