GDP in Lebanon
Lebanon - GDPThe economy remains in a feeble state so far this year. The PMI is stuck deep in contractionary territory; the coincident indicator, which measures economic activity, is subdued; while annual falls in building permits and cement sales suggest the construction sector remains in the doldrums. On the political front, the government announced a draft 2019 budget in late May, which must now be approved by Parliament. The budget aims to slash the gaping fiscal deficit to unlock USD 11 billion of donor funds. However, some difficult decisions were dodged—such as cutting public-sector pay—likely in a bid to avoid further public protests. Moreover, it is uncertain whether all measures will be implemented in full, or if the budget will convince skeptical markets of the government’s commitment to fiscal prudence.
Lebanon - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||2.0||0.8||1.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Lebanon GDP Chart
Source: Central Administration of Statistics and FocusEconomics calculations.
|Exchange Rate||1,508||0.0 %||Jun 20|
|Stock Market||855||0.37 %||Jun 20|
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