Lebanon Economic Monitor, Fall 2013 : The Brunt of the Syrian Conflict
The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses t...
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| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2013/09/24411768/lebanon-economic-monitor-brunt-syrian-conflict-fall-2013 http://hdl.handle.net/10986/21971 |
| Summary: | The Lebanon Economic Monitor provides an
update on key economic developments and policies over the
past six months. It also presents findings from recent World
Bank work on Lebanon. It places them in a longer-term and
global context, and assesses the implications of these
developments and other changes in policy on the outlook for
Lebanon. This report discusses the following: a) Spillovers
from the Syrian conflict are imposing a heavy toll on
Lebanon’s economy which, under an unchanged environment, is
projected to grow by 1.5 percent in both 2013 and 2014. b)
The economic slowdown and domestic and regional turmoil also
affected banking activity. c) After a strong fiscal
expansion in 2012, the fiscal deficit continues to widen in
2013, to a large extent driven by the spillovers from the
Syrian conflict. d) The balance of payments strengthened
during the first seven months of 2013, in part due to the
weakening economic activity and sustained capital inflows.
e) The conflict in Syria is having a large, negative, and
rapidly growing impact on Lebanon’s economy, its social
fabric, and its public services (Special Focus). |
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