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Lebanon's real GDP growth revised downward by World Bank
- Lebanon: Sunday, January 20 - 2013 at 04:22
Growth of Lebanon's real GDP in 2012 has been revised downward by the World Bank from 2.8% to 1.7%, The Daily Star has reported. The World Bank said the country's economic slowdown is attributed to the spillover effects from the situation in Syria, causing growth to drop from 3% in 2011 to 1.7% in 2012, compared with an average of 3.8% for the Mena region. Lebanon's growth is forecast to rise gradually to around 4% by 2015, the World Bank's report said.
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