Remittance inflows to Lebanon are expected to increase 1.6 percent to $7.6 billion in 2016, according to The World Bank.
Remittances grew four percent in 2015 to $7.5 billion which represented 16 percent of the country's GDP of that year. A weakness in economic growth in the Gulf and declining oil prices are behind below-normal remittance growth.
"More worrisome are structural factors such as de-risking by commercial banks, and the labor market's 'nationalization' policies in so...
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