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Economic growth may jump to 2.5% in 2017, according to the Lebanese Economic Outlook, a survey of 17 leading Lebanese economists conducted between January 13 and 29, 2017 by Economena Analytics, an independent economic data provider.
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 2.5% for 2017, more than the IMF’s 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
