Bond Yields Spiking in Lebanon

LebGrunge, cc Flickr Nicholas Raymond, modified, http://freestock.ca/flags_maps_g80-lebanon_grunge_flag_p1121.html

Lebanon has been swept up in the recent trend of capital flight from emerging markets. The country has several points of vulnerability: its debt is enormous at 153% of GDP (behind only Japan and Greece), and well over a third of government revenue goes into servicing that debt; it’s running a high current account deficit of 25.8% GDP (IMF forecast for 2018); economic growth is a moribund 1.5%; and its budget deficit has been floating around the double-digits in terms of GDP percentage over the past few years.

Back to Top

Login

Lost your password?