Lebanese Economy

Moody's Expects Lebanon's Economy to Grow 2.8 Percent This Year

Rating agency Moody’s forecast Lebanon’s economy will grow 2.8 percent in 2018, slightly faster than last year thanks to the resumption of long-delayed public investment projects. The forecast revises down Moody’s previous forecast, published in September, for 3.0 percent growth in 2018. It also cut its growth estimate for 2017 to 2.5 percent, which is in line with the Lebanese central bank’s forecast, from 2.8 percent.