Lebanon's economy copes with turmoil

Gulf News

Lebanon’s economy is coping with fallout from the four-year war in neighbouring Syria, with the currency, interest rates and deposits showing signs of stability, according to central bank Governor Riad Salameh.

Gross domestic product grew 2 per cent last year and the first quarter showed a similar trend, Salameh said in an interview at his office in Beirut on Tuesday. Though way below the average 8 per cent a year between 2007 and 2010, “we’re not in a crisis,” he said.

From: Gulf News FULL STORY