Lebanon GDP growth to slow to 4%

18 May 2010

A draft budget from Lebanon's finance ministry has shown that the country's economy is projected to grow 4% in 2011, slowing from an expected 4.5% expansion this year, Reuters has reported. Budget deficit is also expected to drop to 9.9% of gross domestic product next year, from an estimated 10.7% this year, while inflation will drop to 3.2% by the end of 2011, the ministry said.

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