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Lebanese Economy To Grow 1.5-2 Percent

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By Reuters

BEIRUT, LEBANON (NOVEMBER 24, 2016) (REUTERS) ****WARNING CONTAINS FLASH PHOTOGRAPHY*** PARTICIPANTS AT THE ANNUAL ARAB BANKING CONFERENCE (SOUNDBITE) (Arabic) LEBANON'S CENTRAL BANK GOVERNOR, RIAD SALAMEH, SAYING: "We expect in 2016 a growth between 1.5 percent and 2 percent, with the levels of inflation close to zero. The Central Bank will continue its policy of supporting the digital economy, and it has started to achieve results after only 3 years since passing the policy 331 (that supports startups). There is currently in the Lebanese market more than 800 start ups and this sector has created 6,000 jobs." VARIOUS OF PARTICIPANTS AT THE CONFERENCE (SOUNDBITE) (Arabic) LEBANON'S CENTRAL BANK GOVERNOR, RIAD SALAMEH, SAYING: "The election of president Michel Aoun and the appointment of the Prime Minister designate Saad Hariri will increase consumer and investor confidence, especially if a budget is approved and the constitutional institutions are revived in addition to the economic plans and aid for easing the burden of the Syrian war on Lebanon." VARIOUS OF PARTICIPANTS AT THE CONFERENCE (SOUNDBITE) (Arabic) SECRETARY GENERAL OF ARAB UNION BANKS, WISSAM FATTOUH, SAYING: "Because the Lira has remained stable today, we see the inflation at zero percent. On another hand, when there is financing by the banking sector and encouragement by the Central Bank, it leads to economic growth and this is the growth that the Central Bank governor was talking about.'' VARIOUS OF BEIRUT STREETS (SOUNDBITE) (Arabic) BEIRUT CITIZEN, ELIE GHANEM, SAYING: "We have been hearing for 20 years that things will get better. Like I said, one has to have positivity in their minds and to think that things will get better if they think positive. If it doesn't get better, then we will just have to pack our bags and leave.'' VARIOUS OF BEIRUT STREETS (SOUNDBITE) (Arabic) BEIRUT CITIZEN, ROZANA RBEIZ, SAYING: ''We can't judge now, it is too soon, it has only been a month. But we cannot live the same we lived before, we would need a miracle for that." VARIOUS OF BANNERS FOR RECENTLY ELECTED LEBANESE PRESIDENT MICHEL AOUN
Dateline: 2016

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