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An international financial institute expressed cautious optimism Tuesday after the election of Michel Aoun as president, but warned that achieving sustainable growth would prove challenging.The Institute of International Finance also underlined the importance of the quick formation of a national unity government as this would improve market sentiment.It added that one possible outcome of the formation of a Cabinet is better GDP growth in 2017 .IIF expressed hope that capital spending will be raised to around 3 percent of GDP in the coming years.However, the IIF feared that risks to the outlook remain significant.
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