Complex Made Simple

Lebanese economy witnesses disparity in economic indicators over six months

While tourist numbers increase, construction segment registers a decline

The Lebanese economy witnessed disparity in its economic indicators during the first half of 2015, a Fransabank report reveals.

The number of tourists recorded an increase of 3.18 per cent for the first half of 2014, compared with 23.1 per cent in the first quarter of 2015, while the number of passengers rose by roughly 6.5 per cent during the same period of 2014 and to 9.3 per cent during the first quarter of 2015.

On the other hand, the country showed a decline in other economic indicators during the first half of 2015, compared with the same period in 2014, Aliqtisadi reports.

The number of licensed construction areas recorded a significant drop of 19 per cent for the first half of 2014, compared with 19.8 per cent for the first quarter of 2015, while the number of cars sold fell to 1.9 per cent during the first half of 2014, compared with 3.3 per cent in the first quarter of 2015.

It is worth mentioning that the Lebanese economy, according to forecasts by the Institute of International Finance (IIF), is expected to achieve better growth during 2015, compared with growth in 2014, which was roughly 2.8 per cent.