Zero percent growth forecasted for this year. Riad Salameh: There is liquidity in the banking system

The Governor of the Central Bank (BDL), Riad Salameh, said that the Gross Domestic Product (GDP) will neither grow nor shrink in 2019.

The situation will improve in the second half of the year if the hospitality and tourism sectors improved, Salameh said.

Remittances are stable, ranging between $7 and $8 billion per year. "If remittances weren't enough to meet the country's financial needs, the Central Bank will compensate the shortage," said the Governor. The country will not fa...

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