Syria Crisis Halves Lebanon Growth Rate

Nuqudy.com

Lebanon’s Central Bank Chief, Riad Salameh, said in an interview with the news agency Al-Safir that the civil war in Syria has halved the growth rate of Lebanon’s economy. His statement came just after the International Monetary Fund (IMF) blamed Lebanon’s government for the country’s slowing economy. The annual growth rate has fallen to be between 2 and 3 percent, while the government states that the growth rate in 2011 was 5.2 percent.


Source: Nuqudy.com FULL STORY