World Bank predicts for Lebanon a 3.6% GDP growth rate in 2014

According to a WB report published by An Nahar today, Lebanon is likely to score an increase in GDP in 2014 of 3.6% compared to 2.7% for the developing countries of MENA and 5.7% for the overall developing countries of the world and 3% for the global economy.

 

The newspaper adds that the economic growth forecast for Lebanon in 2014 places it as 72nd among the 108 developing countries and the third highest amongst developing countries of MENA region.  Lebanon’s growth rate will be comparable to that of Egypt, Tunisia and higher than that of Algeria (3.2%), and less that of Jordan (4.4%) and Morocco (4.2%) 

 

The World Bank further added that Lebanon relatively high growth rate will only materialize if political and security stability can be achieved so that investors can resume their activities rather than flee to more stable countries.

 

Source: Annahar 4 February 2014