The political and security developments in Lebanon and the region continued to weigh heavily on the Lebanese economy during 2015. GDP growth declined to 0.5% and could have turned negative if not for the initiatives of the central bank. The activity of the private sector, measured by the Purchasing Managers’ Index for Lebanon (BLOM PMI), recorded an average of 47.4 points during the first 11 months of the year, below the 50 mark that separates contraction from expansion.
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