Salameh says growth will be weak in 2016, but Lebanon will not dip into crisis. (The Daily Star/Mohammad Azakir)
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Central Bank Governor Riad Salameh said Tuesday that Lebanon's economic growth in 2016 will most likely be similar to 2015 – estimated between 0 and 1 percent.Salameh said that Lebanon is doing better than other countries, especially emerging markets such as Turkey, Nigeria and Brazil, which have seen large slowdowns.Salameh recently said that the Central Bank has pledged around $1.5 billion of subsidized loans earmarked for different sectors such as real estate and information technology, as well as environmentally friendly projects.Zmokhol said that subsidized loans proved to be very successful in productive sectors by increasing investment in various industries and creating job opportunities.
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