File - Prime Minister Tammam Salam, center, heads a Cabinet session at the Grand Serail in Beirut, Friday, May 16, 2014. (The Daily Star/Mahmoud Kheir)
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)
Lebanon is expected to further feel the impact of the growing budget deficits and austerity measures in oil-rich Arab Gulf states in 2016, bankers and economists warned Tuesday.This will reduce the GDP growth in these states from 3.25 percent to 2.25 percent," economist Ghazi Wazni told The Daily Star.He added that this will surely reflect negatively on the Lebanese economy since many Lebanese expatriates work in these countries. Deposit growth in the first 10 months of this year was $4.9 billion compared to $5.8 billion in the same period of 2014," Barakat said.He added that the drop in remittances and deposit growth was partly due to the GCC countries impact on the Lebanese economy. Barakat stressed that deposit growth in the GCC states was relatively weak this year compared to 2014 .
Khalil: Lebanon to raise $2B in Eurobonds at below 14 pct
Dollar demand ‘nothing unusual’, Lebanese bankers say
Lebanon to pay top yield on new Eurobonds
FOLLOW THIS ARTICLE