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The Institute of International Finance said Tuesday that the Central Bank's stimulus package and the modest recovery in exports and services could allow the economy to record a modest growth of 2.2 percent.In a joint news conference with Byblos Bank at the headquarters of the bank, the IIF said the ongoing domestic and regional political uncertainties and security breaches have kept consumer confidence and investor sentiment at low levels, which has limited economic activity. Both the IIF and Byblos Bank issued a comprehensive report on the Lebanese economy and administrative reforms.However, Iradian feared that the public debt could increase to around 143 percent of GDP in 2015 in the absence of fiscal reforms, which would leave Lebanon vulnerable to shifts in the availability of financing.Iradian said if these measures are adopted then the primary surplus would rise to 5 percent of GDP, the fiscal deficit would narrow to 3.3 percent of GDP by 2018, and the public debt-to-GDP ratio would decline from 140 percent of GDP in 2014 to 117 percent by 2018 .
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