File - Trucks are seen parked on the Madfoun highway, Tuesday, April 2, 2013. (The Daily Star/Mahmoud Kheir)
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The Islamic State of Iraq and Greater Syria's (ISIS) gains in Iraq have led to further economic downturn in Lebanon, resulting from the loss of the country both as a trade partner and a valued route for Lebanese exports to the Gulf, according to the World Bank.In 2009-2010, Lebanon registered a 9 percent real GDP growth rate. In 2009, real GDP grew by 1 percent in Lebanon despite the financial crisis taking over, and in 2010 Lebanon and Yemen led regional growth, registering 7 percent increases. Lebanon, which had been expected to achieve around 6 to 7 percent growth rates from 2011-2013, witnessed a growth reduction, cutting down growth rate forecasts by more than half.
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