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Economic growth may jump to 2.
Economists were unanimous in their expectations of a rebound in tourist arrivals to Lebanon and to an increase in hotel occupancy rates. Twelve of 17 economists also predicted a significant increase in the number of tourists from the Gulf Cooperation Council. Lebanon’s political ties with Saudi Arabia have improved in recent months, with the latter pledging to increase flights from the kingdom to Beirut and to lift travel warnings against its citizens vacationing in the country. Please find attached a summary report based on the consensus opinions of 17 leading Lebanese economists. Below are some key findings as well: Consensus growth forecast of 2.
Fastest growth will come from restaurants and hotels, Gulf tourism to increase significantly Real estate and construction will turn positive this year Riad Salameh’s term will likely be renewed, budget law to be approved by Parliament Oils and gas licensing, Paris IV donor conference are unlikely in 2017 The full text is available at
