Economics

World Bank: Lebanon's 2018 GDP Growth Estimated at Only 0.2 Percent

The World Bank said that Lebanon's GDP in 2018 is estimated to have grown by only 0.2 percent, adding that it reflects a deceleration in economic activity linked to policy-based tightening of liquidity. "The latter includes a halt in subsidized lending by the central bank, the Banque du Liban (BdL) that was being channeled via commercial banks to (mostly) the real estate sector, providing a rare source of growth impetus since 2012," the World Bank explained in its latest economic report on Lebanon.

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