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  • Lebanon Opportunities

    Luring foreign direct investment

    Apr 08, 2019 4 minutes
    Reported by Shikrallah Nakhoul

    ▪ FOCUS NEEDED ON KNOWLEDGE ECONOMY

    ▪ REAL ECONOMIC GROWTH OF 3.3 PERCENT FORECAST

    ▪ OUTDATED PROCESSES HOLD BACK COMPETITIVENESS

    he economy is expected to achieve a real growth of 3.3 percent this year and 2.4 percent in 2020. The growth rate is likely to witness a slight improvement in 2021 and 2022 and reach an annual average of 3.4 percent, mainly driven by the gradual development of the oil and gas sector and additional inflows of aid money. The trade deficit is expected to narrow but will remain large due to sizable import levels. Lebanon has outperformed similar regional countries and the average for the Middle East and North Africa (MENA)

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