Riad Salameh, the Lebanese central bank governor, attributed the 2 per cent growth forecast to improvement in the construction sector and increased consumer spending. Joseph Eid / AFP
Riad Salameh, the Lebanese central bank governor, attributed the 2 per cent growth forecast to improvement in the construction sector and increased consumer spending. Joseph Eid / AFP
Lebanon to increase $1.5 billion stimulus package if needed
'Economic activity in Lebanon is largely dependent on the confidence of consumers and households, and on the confidence of investors,' said Nassib Ghobril, the chief economist at Lebanon’s Byblos Bank.