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Lebanon forecasts inflation to reach 6%
- Lebanon: Monday, December 03 - 2012 at 04:31
The governor of Lebanon's central bank, Riad Salameh has said inflation is predicted to hit 6%, while the balance of payments deficit is to surpass $2bn at the end of this year, The Daily Star has reported. "Real GDP growth is expected to be close at 2% in 2012 and inflation will reach 6%. The drop in the GDP growth was mainly due to the high political tension and occasional security incidents. All of these factors have affected the behaviour of investors and consumers," said Salameh.
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