{
  "title": "Lebanon: 2016 Article IV Consultation–Press Release; Staff Report; and Statement by the Executive Director for Lebanon",
  "publication": "IMF Staff Country Reports, January 24, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/01/24/lebanon-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44572",
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  "summary": "This 2016 Article IV Consultation highlights that 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.",
  "publishDate": "2017-01-24",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key economic findings",
      "content": "- Lebanon’s economic growth remains subdued.\n- Following a sharp drop in 2011, growth edged upward briefly to 2–3 percent, but has now slowed again.\n- IMF staff estimates that GDP increased by 1 percent in 2015.\n- A similar growth rate in 2016 is projected.\n- 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.\n- 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."
    },
    {
      "heading": "Policy-relevant themes and risks",
      "content": "- Confidence dynamics are central to prospects for recovery.\n- Regional stability, including resolution of the Syrian conflict, is a key determinant of Lebanon’s growth outlook.\n- Damage to tourism, real estate, and construction sectors constrains near-term recovery."
    },
    {
      "heading": "Report metadata and scope",
      "content": "- Subject: Banking, Foreign exchange, National accounts, Oil prices, Prices, Public debt, Revenue administration\n- Pages: 70\n- Volume: 2017\n- Issue: 019\n- Series: Country Report No. 2017/019\n- DOI: https://doi.org/10.5089/9781475570618.002\n- Stock No: 1LBNEA2017001\n- ISBN: 9781475570618\n- ISSN: 1934-7685\n\nLebanon: 2016 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Lebanon (January 24, 2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/01/24/lebanon-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44572"
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    "Published: January 24, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475570618.002",
    "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.",
    "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.",
    "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",
    "**Country Report**"
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