Thursday, December 22, 2011

Syrian unrest to slow Lebanon in 2012

As the end of a tumultuous 2011 nears, the Lebanese economy is cornered between a wild Syrian card and a helpless public sector, while the glory years of high single-digit growth are now more a chapter in history than an interrupted norm. Instead, economists see 2012 as challenging at best, although they confess a difficulty in peeking into a post-crisis Middle East, a complex Syrian dilemma, and a fractious Lebanese political environment.

Unlike 2011, 2012 starts with a deep Syrian crisis, but growth may reach 5 percent assuming status quo in Syria and Lebanon, and inflation will be low because of weak demand and Syrian dumping,? said Georges Nehme, dean of the faculty of business administration at Antonine University
Copyright � 2011, The Daily Star. All rights reserved.

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Source: http://www.albawaba.com/syrian-unrest-slow-lebanon-2012-405955

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