The Lebanon Economic Monitor provides anupdate on key economic developments and policies overthepast six months. It also presents findings from recent WorldBank work on Lebanon. It places them in a longer-term andglobal context, and assesses the implications of thesedevelopments and other changes in policy on the outlook forLebanon. Its coverage ranges from the macro-economytofinancial markets to indicators of human welfare anddevelopment. As the political stalemate continues,policy-making bodies of the country are mostly inoperative.This is manifested by a presidential vacancy for two and ahalf years, a parliament that seldom convenes and a cabinetthat hardly finds a consensus to take decisions. Amid fiscalpolicy paralysis, monetary policy under the proactive Banquedu Liban (BdL) continues to actively manage economic andfinancial challenges facing the country. Economic activityin 2016 is marginally picking up, thanks to the constructionand travel sectors in the context of benign securityconditions. Real GDP growth is estimated to have reached 1.3percent in 2015 and is projected to accelerate slightly to1.8 percent, in 2016, partly on account of a moderate firsthalf of 2016.
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