Lebanon: 2016 Article IV Consultation–Press Release; Staff Report; and Statement by the Executive Director for Lebanon
IMF Staff Country Reports, January 24, 2017
Source details
- Canonical URL
- Lebanon: 2016 Article IV Consultation–Press Release; Staff Report; and Statement by the Executive Director for Lebanon
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Bibliographic details
- Published: January 24, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475570618.002
Key economic findings
- Lebanon’s economic growth remains subdued.
- Following a sharp drop in 2011, growth edged upward briefly to 2–3 percent, but has now slowed again.
- IMF staff estimates that GDP increased by 1 percent in 2015.
- A similar growth rate in 2016 is projected.
- Lebanon’s traditional growth drivers—tourism, real estate, and construction—have received a significant blow and a strong rebound is unlikely based on current trends.
- In the absence of a turnaround in confidence, or a resolution of the Syrian conflict, growth is unlikely to return to potential (4 percent) soon.
Policy-relevant themes and risks
- Confidence dynamics are central to prospects for recovery.
- Regional stability, including resolution of the Syrian conflict, is a key determinant of Lebanon’s growth outlook.
- Damage to tourism, real estate, and construction sectors constrains near-term recovery.
Report metadata and scope
- Subject: Banking, Foreign exchange, National accounts, Oil prices, Prices, Public debt, Revenue administration
- Pages: 70
- Volume: 2017
- Issue: 019
- Series: Country Report No. 2017/019
- DOI: https://doi.org/10.5089/9781475570618.002
- Stock No: 1LBNEA2017001
- ISBN: 9781475570618
- ISSN: 1934-7685
Lebanon: 2016 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Lebanon (January 24, 2017).
Content in this bundle
- Country Report