Lebanon Opportunities

Favorable spreads to attract inflows

■ INTEREST RATES ON LIRA FALLING

■ DEPOSITS REGAINING THEIR APPEAL

■ CREDIT CRUNCH WORSENS

The economy is expected to witness zero growth in 2019. The government will face challenges in achieving its targeted budget deficit this year, according to the two credit rating agencies Moody’s Investors Service and Fitch Ratings. Foreign direct investment (FDI) is estimated to have grown by 14 percent to $2.9 billion in 2018. The salary hike granted to public sector employees and teachers and rising interest rates on deposits have contributed to an improvement in household income which resulted in a steady demand for consumer goods and services despite challenges. Widening local interest spreads and rising oil prices are expected to have a net positive impact on capital inflows to the country. The projected rise in remittances, foreign investment,

Sie lesen eine Vorschau. Registrieren Sie sich, um mehr zu lesen.

Mehr von Lebanon Opportunities

Lebanon Opportunities7 min gelesen
We Are The Champions
A provider of logistics and freight services resumed operations the second day of the Port Explosion from makeshift tents – right at Ground Zero. In Gemmayzeh, a cocktail and juice shop reopened its doors, even before repairing its shattered façade.
Lebanon Opportunities8 min gelesenPoverty & Homelessness
Subsidies
InfoPro Research has estimated that subsidies by the State and the Central Bank (BDL) are consumed mostly by the non-poor, when measured in terms of money value. According to a study it has undertaken, the poor’s share is under 25 percent of the tota
Lebanon Opportunities3 min gelesen
Official Business
Alvarez & Marsal (A&M) is performing forensic audit of the Central Bank (BDL) under a contract with the Ministry of Finance. KPMG and Oliver Wyman are carrying out the financial audit. A&M is a global consultancy that provides restructuring and turna