Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
The announcement lifted shares in the sector by as much as four percent in early trading. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
Background
Much depends on whether the government can hold its coalition together long enough to pass the legislation. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
“The numbers are moving in the right direction, but the margin for error is thin.”
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
Background
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
