The International Monetary Fund warned that Lebanon’s economic situation remains fragile due to slow GDP growth and rising public debt. “The overall economic situation remains fragile with prolonged low growth, public debt rapidly rising beyond 150 percent of GDP, and a persistent current account deficit of more than 20 percent of GDP. To preserve confidence in the system there is an urgent need to establish a policy framework that supports macroeconomic stability,” IMF said in its staff report on Lebanon.
