Lebanon set to recover from near-zero growth
The Daily Star newspaper highlights a report released by Bank Audi-Saradar that Lebanon's latest political changes, prospects for investments by Gulf countries and country's own handling of foreign reserves will let the country arise from a near-zero growth in the first quarter of 2005. 'Lebanon is "on the eve of a historic reform opportunity' which could boost foreign investment and shave the public debt to 130 percent of GDP in four years - down from around 100 percent today.", the report says. Economists are having an optimistic look over Lebanon but a senior economist at the World Bank is quoted by the Daily Star article saying: "We have to wait until after the elections to see where the country is willing to go in terms of economic reforms."
Labels: middle east
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