Lebanon Economic Monitor, Fall 2014 : Downside Risks Materialize

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/21969

关键词：

LIVING STANDARDS;  FUNDING SOURCE;  MONETARY POLICY;  RISKS;  FINANCIAL SERVICES;  DEPOSIT;  POVERTY LINE;  DEPOSITS;  PEOPLE;  PROTECTION POLICIES;  SKILLED WORKERS;  FINANCING;  VILLAGE;  INFORMATION SYSTEM;  INCOME;  INTEREST;  LOAN-TO-DEPOSIT RATIO;  EMPLOYMENT OPPORTUNITIES;  INTEREST RATE;  ECONOMIC DEVELOPMENTS;  SOCIAL SAFETY NET;  PUBLIC SERVICES;  INEQUALITIES;  POLITICAL ECONOMY;  EXCLUSION;  REVENUES;  BANK DEPOSIT;  FISCAL POLICY;  LIQUIDITY RISK;  WELFARE;  LOAN;  FEE;  SUBSIDY;  MEANS TESTS;  SOCIAL PROGRAMS;  PAYMENTS;  SOCIAL ASSISTANCE;  LABOR MARKET POLICIES;  BENEFICIARIES;  CONFLICT;  MEASURES;  SAFETY NETS;  POVERTY REDUCTION;  EXPATRIATES;  ECONOMIC ACTIVITY;  LABOR MARKET;  SAVINGS;  INCIDENCE ANALYSIS;  JOB OPPORTUNITIES;  CURRENT ACCOUNT;  CAPITAL FORMATION;  VULNERABLE HOUSEHOLDS;  FOREIGN CURRENCIES;  SCHOLARSHIPS;  INTEREST RATES;  TRANSFERS;  JOB LOSS;  DEBT;  PRIVATE INVESTMENT;  DEVELOPMENT CENTERS;  SOCIAL SECURITY;  SOCIAL PROTECTION;  VENTURE CAPITAL;  LOANS;  ENTERPRISES;  CASH BENEFITS;  HOSPITAL SERVICES;  PRICE SUBSIDIES;  ELIGIBLE BENEFICIARIES;  SOCIAL DEVELOPMENT;  CASH TRANSFERS;  SUBSIDIES;  REAL ESTATE;  FINANCE;  FOREIGN CURRENCY;  VOUCHER;  INTERNATIONAL AID;  CONSUMER CONFIDENCE;  FISCAL DEFICIT;  BANKS;  EXPENDITURE;  UNIVERSAL SUBSIDIES;  UNEMPLOYMENT;  EQUITY;  GRANT;  SOCIAL SAFETY NETS;  HEALTH BENEFITS;  HUMAN CAPITAL;  SSN;  SOCIAL SPENDING;  BENEFIT LEVELS;  INTEREST PAYMENTS;  FOOD SECURITY;  CAPITAL;  SOCIAL SERVICES;  FEE WAIVERS;  SCHOOL ATTENDANCE;  BANK;  FOOD ASSISTANCE;  CREDIT;  FIXED CAPITAL;  TREASURY BILLS;  DISABLED PERSONS;  SAFETY NET;  URBAN AREAS;  HOUSEHOLD;  EXPENDITURES;  SOCIAL ACTION;  REFUGEE;  PROPERTIES;  JOB CREATION;  MALNUTRITION;  MEANS TESTING;  REFUGEES;  VOUCHERS;  BALANCE SHEET;  NUTRITION;  PUBLIC WORKS;  VULNERABLE PEOPLE;  DIVERSIFICATION;  SKILLED LABOR;  PROFITABILITY;  CREDIT RISK;  INSURANCE;  FOOD INSECURITY;  TARGETING;  PUBLIC RESOURCES;  SECURITY;  BUSINESS ACTIVITY;  FINANCIAL MARKET;  INVESTMENT;  EXTREME POVERTY;  COMMERCIAL BANKS;  HOUSEHOLDS;  POVERTY;  FINANCIAL MARKETS;  TARIFF;  CONDITIONAL CASH;  REVENUE;  LABOR SUPPLY;  PUBLIC SCHOOLS;  STUDENTS;  INVESTMENTS;  CAPITAL FLOW;  POOR;  EXCHANGE RATE;  FOOD VOUCHERS;  FAMILIES;  RISK AVERSION;  OUTREACH;  SHOCK;  BUDGETARY ALLOCATION;  LABOR MARKETS;  PUBLIC SERVICE;  JOBLESS;  SOCIAL WORKERS;  UNSKILLED LABOR;  PRICE SUBSIDY;  GROUPS OF PEOPLE;  START-UPS;  DISABLED;  GOVERNMENT INTERVENTION;  INEQUALITY;  Report;  Rapport;  Informe; 

年份：

2014

出版地：

Washington,USA

语种：

English

摘要：

A new domestic political stalemate has developed while spillovers from the Syrian conflict further exacerbated. A mid-year lull in the security situation gave a temporary boost to consumer and investor sentiment. Lebanon's current account deficit remains elevated, albeit lower than during the pre-crisis period. Lebanon's fiscal position continues to deteriorate. Banque du Liban maintained an expansionary monetary stance to support the economy, while sustaining confidence in the Lebanese pound. Conservatism in financial regulations and private sector banking helped maintain a well-capitalized and resilient domestic banking sector, despite sluggish growth and downgrades by international rating agencies. The expanding political stalemate at home and regional spillovers pose significant downside risk to growth. The Lebanon economic monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon.