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Lebanon expects 2011 GDP growth of 5 pc

The 2011 budget projects GDP at around $40 billion


September 8, 2010 3:28 by

Lebanon’s real GDP will grow 5 percent in 2011 while inflation is expected to drop to 2.8 percent by the end of 2011, according to draft budget figures released by the finance ministry on Wednesday.

The 2011 budget projects GDP at around $40 billion, of which $3.8 billion will go to service the country’s debt which is expected to reach $55 billion in 2011.

(Editing by Toby Chopra)


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