European Parliament Library

Lebanon :, Staff Report for the 2015 Article IV Consultation

The Syrian crisis and the associated inflow of refugees continue to dominate Lebanon’s short-term outlook, compounding long-standing policy weaknesses and vulnerabilities. Political paralysis has set in, with virtually no progress on the structural front. Growth has remained modest and insufficient to make a dent in rising poverty and unemployment. A welcome improvement in the primary fiscal position in 2014 was largely due to temporary factors, and will not be sustained absent adjustment efforts—implying that, without additional effort, Lebanon’s already-sizable public debt burden will only worsen. Financial conditions have nonetheless remained stable, as deposit inflows continue to fund the economy and sizeable buffers support the credibility of the exchange rate peg
Table Of Contents
Cover; CONTENTS; CONTEXT: POLICY INERTIA; BOXES; 1. The Prolonged Impact of the Syrian Refugee Crisis; 2. Can Nominal GDP Increase with Falling Prices and Stagnant Growth?; 3. Policies Since the 2014 Article IV Consultation; AMID MOUNTING RISKS; POLICY DISCUSSIONS; A. A More Balanced Policy Mix; 4. Why Increasing Fuel Taxation Makes Sense; B. Aiming Higher: Stronger and More Inclusive Growth; 5. A Financial Conditions Index for Lebanon; 6. Data Issues in Lebanon-Capacity Constraints; STAFF APPRAISAL; TABLES; 1. Selected Economic Indicators, 2012-20
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (75 p.)
Specific Material Designation
Form Of Item

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