تعبير معلومات
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موضوع عن
لبنان بالانجليزي
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اقتصاد لبنان بالانجليزي الوضع الاقتصادي في لبنان 2017 2018
الازمة الاقتصادية في لبنان
الاقتصاد اللبناني التجارة اللبنانية مميزات الاقتصاد اللبناني
الصناعة لبنان بالانجليزي لبنان الوجهات موضوع عن لبنان وجماله
معلومات عن لبنان بالانجليزي لبنان نقاط الاهتمام
السياحة في لبنان موضوع تعبير عن لبنان بالانجليزي
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Presentation
Economic conditions
After reaching record levels between 2007 and 2010 (8% on average),
stimulated by the post-civil war reconstruction program, Lebanon's economic
growth has slowed down considerably since 2011, as a result of internal
political tensions and the Syrian conflict. . The sectors that were driving
growth (financial services, real estate, tourism, wholesale trade) were hit
hard. In 2016, growth did not exceed 1%. An improvement could occur in 2017
following the election of President Michel Aoun, but a worsening of conflicts
could instead weaken the economy more.
On 31 October 2016, after more than two and a half years of
institutional vacuum, the deputies elected Aoun, a former career soldier and
close to Hezbollah, president. A new government was set up by Saad Hariri, who
was already prime minister from 2009 to 2011. However, he has very little
budgetary room for maneuver. Indeed, the public debt, which exceeded 140% of
GDP in 2016, continues to increase, and the budget deficit is close to 12% of
GDP. The appreciation of the US dollar has led to an increase in debt service
and a worsening of the public accounts imbalance. The Lebanese banking system
is highly exposed to public debt, which increases the systemic risk induced by
sovereign default. The Lebanese central bank has also allocated a billion
dollars to support bank credit to stimulate activity. Despite US sanctions
against Hezbollah (and their alleged financial backing), the banking sector has
been resilient. The challenges posed to the country remain numerous. The
massive influx of Syrian refugees (30% of the country's population) has upset
the demographic balance, the labor market, and put pressure on the cost of
rent, infrastructure and the provision of public services (water and
electricity) . The "waste crisis" that began in 2015 was only
partially reversed with the adoption of a controversial plan to build sanitary
landfills on the coast.
Unemployment has exploded as a result of the influx of Syrian
refugees, who compete with the Lebanese in the informal sector and are now at
risk of affecting more than one in four people in the country. More than 70% of
refugees live below the poverty line. Social inequalities are important.
Main sectors of activity
Services dominate Lebanon's economy, with the sector accounting for
nearly 80 percent of the country's GDP and employing nearly three-quarters of
the labor force. The banking sector is the mainstay of the Lebanese economy.
The sustained and lucrative banking activity does not, however, constitute a
real support for private activity since the majority of bank liquidity is used
to finance the public debt. Tourism contributes globally to around 25% of GDP
and generates about a quarter of jobs. The sector was booming until the country
saw a drop in attendance since 2011 due to instability in the Middle East.
Lebanon is also benefiting from a booming real estate sector, which has
benefited from the bursting of Dubai's speculative bubble. In addition to
strong national demand, driven by that of Lebanese expatriates, demand from
Arab countries is also substantial.
The industry accounts for more than 15% of GDP and employs more
than 20% of assets. It is dominated by the manufacture of agri-food, metal,
mineral, furniture and other manufactured products.
Lebanon has fertile land, however the agricultural sector is poorly
developed and participates only at less than 5.5% of GDP and employs about 5%
of assets. Offshore deposits of natural gas have recently been discovered.
Trade
Lebanon has strengthened its international trade openness by
signing an association agreement with the EU, working to join the WTO and
passing a free trade agreement with the Gulf Cooperation Council ( GCC) in May
2004. Trade accounts for more than 120% of Lebanon's GDP (2015).
Its main export partners are Saudi Arabia, the United Arab
Emirates, South Africa, Iraq and Syria. Mainly exported goods are ores (gold),
petroleum products, pharmaceuticals, textiles, tobacco, pearls and precious
stones, electrical and electronic equipment, salt, sulfur and machinery. Its
main import partners are the EU (notably Italy, France, Germany and Greece),
China, the United States and Russia. Lebanon imports mainly mineral fuels, oil,
vehicles, machinery, pearls and precious stones, as well as electrical and
electronic equipment.
Lebanon's trade balance is structurally deficit, despite a surplus
of services. Due to the Syrian conflict that penalizes Lebanese exports and
increased transport and insurance costs, the deficit is growing. In 2016,
Lebanon's trade balance deteriorated further than in 2015, with the deficit
rising by 4.1% to $ 15.7 billion. Imports rose 3.5% while exports increased
only slightly (+ 0.8%) and even fell in volume. Exports are weakened by the
loss of competitiveness of the Lebanese pound.
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