As in previous years, the top economic institutions in the world maintained their rituals and kept on providing and updating their forecasts regarding the Lebanese economic growth. Those assessments are of a primordial importance for analysts, policy makers, investors and many other players on the economic scene. However, evaluating the economic performance of Lebanon remains a big challenge, given the discrepancies that exist between the outcomes of the different forecasters and the lack of data provided by the official authorities.
Several reasons stand behind those divergences in forecasting and estimation from one institution to another. One of the major factors is the weighing scheme adopted by the international entities when trying to ponder the main drivers and hurdles of economic growth. In addition, political and security developments in Lebanon are also barometers of economic forecasts: for instance, deterioration in the economic outlook drives several international economic institutions to periodically reconsider their assessments taking into account the recent events.
To read the full report, click on the link below:
Lebanon’s Economic Outlook and the Mixed Bag of International Estimates