(MENAFN- Arab Times) President of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries expects the GDP of Arab nations to decline 2.8% in 2014. Speaking at the Lebanon Economic Forum 2014, Adnan Kassar said estimates show a lower growth rate of GDP in Arab nations from 3.9% in 2012 to 3.3% in 2013 and this year it is likely to decline to 2.8% with the prospect of adverse conditions continuing. "According to the World Bank's study, Lebanon has lost $7.5 Billion, following the wave of Syrian refugees whose numbers have reached one-third of Lebanon's population," he said. "The internal Lebanese crisis has aggravated the situation and made us suffer further, especially that investors are no longer attracted to Lebanon," he added
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.