Lebanese economy expected to grow 1.5-2%

April 30, 2014 10:15 am

The Lebanese finance minister has said the country’s economy is expected to grow between 1.5% and 2% this year, Reuters has reported. “All the estimates are not fixed because statistics are not absolutely accurate, so our expectation is that it will be around 1.5% and with positive estimates it would reach 2%,” said Ali Hassan Khalil. Lebanon’s debt currently stands at $64.9bn, more than half of it in local currency, Khalil added.