The governor of the Central Bank of Lebanon expects economic growth of 2%

The International Monetary Fund estimates that the traditional drivers of the economy, construction and real estate will still be weak in 2017 and 2018 between 1 and 1.5%.

Lebanon has been underdeveloped since 2011 because of unrest "The economic index of the Bank of Lebanon indicates that the growth rate for 2018 will be 2%, taking into account the decline in the real estate sector and the stability of the consumer sector. "

The IMF calls for an improvement of the capacity to serve the public debt, which exceeded 150% of the GDP by the end of 2017.

Salameh spoke about the political situation in Lebanon, where a new government of Union still needs to be approved after the parliamentary elections early May.

The leaders of the divided political establishment in Lebanon have often sounded the alarm about the economy and the urgent need to form a government to implement late reforms and reduce debt public that reaches unsustainable levels.

Salameh said he was expecting bank loans to drop 1.6% in 2018 compared to last year, according to data from the first five months of the year. Year, while bank deposits are expected to increase by more than 5% this year.

During In 2018, it will decrease by 1.6% compared to 2017. "

" The Bank of Lebanon forecasts an annual growth of bank deposits of more than 5% according to the figures of the first five months of 2018. "

Millions of Lebanese expatriates who deposit their money in local banks.These banks buy public debts, helping to finance an increasing budget deficit and debt.

Foreign deposits have invested in the banking system since 2011. According to the IMF, private sector deposits increased by 3.8% last year.

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