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MIDDLE EASTERN (B)

World Bank: Lebanon GDP to Grow 0.3 Percent in 2019

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The World Bank projected Lebanon’s GDP growth in 2019 at 1.3 percent compared to 1 percent in 2018. It also forecast Lebanon’s GDP growth in 2020 and 2021 at 1.5 percent and 1.5 percent respectively.

The projection of Lebanon’s GDP growth was part of the World Bank’s overall assessment of the Middle East and North Africa.

“Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers,” the World Bank said in a statement.

The World Bank expressed concern about the growing risk factors in the region as a result of conflicts and economic slowdown. (Shutterstock)

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