The International Monetary Fund (IMF) expects Lebanon's growth this year to be 1 percent, down from 1.5 percent expected for April 2018 and 1.4 percent in 2019, compared with 1.8 percent.
According to the fund, Lebanon will witness aggravation in the current account deficit in the coming period from 22.8% of GDP in 2017 to 25.6% in 2018, and this ratio will decline to 25.5% in 2019 and 21.3% in 2023.
It is expected that the average secondary inflation rate in Lebanon will rise from 5.0% in 2017 to 5.4% in 2018, before shrinking to 2.4% in 2019.
On the other hand, the real estate sector in Lebanon witnessed some recovery during the ninth month of this year so that the number of real estate transactions rose by 5.26 percent to 5.161 transactions from 4.903 transactions in the previous month.
Source (Economic Bulletin website, Edited)
