Lebanon Consumer & Retail Q4 2019
Slightly lower levels of inflation are unlikely to have a knock-on effect on consumer confidence, which has continued tofall over Q219. With this in mind, our forecast for Lebanon’s GDP growth, at 1.3% in 2019, is weak yet still represents an increasefrom an estimated 0.9% growth in 2018. Any renewed political instability or policy paralysis, however, would pose downside risks toour view. We are expecting the Lebanese diaspora to continue to play an important, supportive role in the economy with latest datashowing remittances up 1.8% in 2018.
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