IMF report on Article IV Consultation with Lebanon

The IMF report highlighted the negative implications of the security situation in the region on Lebanon’s economic performance, noting that economic growth in Lebanon dropped from 2.5% in 2012 to 1.5% in 2013 as a result of the degradation of the tourism and real estate sectors.  Economic activity will remain weak in 2014 especially in view of the fact that there are no signs of any solution to the Syrian crisis.