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Lebanon on track for 7% rise in GDP
- Lebanon: Thursday, October 08 - 2009 at 10:23
Lebanon is on track to achive 7% growth in GDP in 2009, according to the Investment Development Authority of Lebanon. The organization said that foreign direct investments increased by 32% from $2.5bn in 2007 to $3.6bn in 2008, and is poised to grow by up to 20% to reach $4.32bn this year. Bank deposits have increased by 50% from July 2008 to July 2009 despite the shortage in cash flow in the global market, it added.
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StaffThursday, October 08 - 2009 at 10:23 UAE local time (GMT+4)
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