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Macro - Country Economic Forecasts - Lebanon

Publisher Oxford Economics
Published Apr 11, 2023
Length 6 Pages
SKU # OFE17888491

Description

Macro - Country Economic Forecasts - Lebanon

We now expect Lebanon's economy to stagnate this year after we cut our GDP forecast by 2ppts. Following a fifth year of economic contraction in 2022, Lebanon appears no closer to a recovery. The latest PMI data signal tentative stabilisation in business conditions, defying headwinds stemming from the currency freefall and surging inflation. However, we think the deadlocked political situation will continue to hinder reform prospects, weighing on sentiment and activity.

Table of Contents

6 Pages
Lebanon: economy to stagnate after five years of GDP decline
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments and Structure of trade
Policy and politics

Pricing

Currency Rates
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