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Barclays Capital revises Lebanon GDP outlook downward

Barclays Capital has revised downward its projection for real GDP growth in Lebanon to 3.1% in 2012 from an earlier forecast of 3.6% due to increased domestic political tensions, the deterioration of security conditions and an expected weakening of tourism activity this year, The Daily Star has reported. Political risks in the country are increasing due to the effects of the ongoing Syrian conflict, which is weakening Lebanon's macroeconomic outlook, the brokerage said.