File - Lebanon’s Central Bank.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
International rating agency Moody's projected that Lebanon's fiscal deficit would reach 11 percent of GDP in 2014 if public finances continued to deteriorate.Moody's reported that Lebanon's fiscal deficit reached an estimated 10.4 percent of GDP in 2013, up from 9 percent the year before.The agency said Lebanon public finances remained weak and the country continued to run large current account deficits. Moody's recently maintained its negative outlook for Lebanon's sovereign rating and this has also been reflected in the ratings of the Lebanese banks.However, Moody's outlook is gloomier for the rest of the region.
FOLLOW THIS ARTICLE