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Middle EastSeptember 3 2012

Cause for optimism in Lebanon's banking sector

After performing admirably in the aftermath of the global financial crisis, the growth of Lebanon's banks dramatically slowed. The Arab Spring uprisings in the Middle East and north Africa last year further unsettled the country's financial sector, but, as leading figures from its banks explain, there is still a great deal of room for optimism.
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Participants:

Q. Last year was an eventful year for Lebanon; you were without a government for the first six months of the year and also faced the challenges that were presented by the Arab Spring uprisings and the eurozone debt crisis. In simultaneously facing these domestic, regional and global challenges, Lebanon’s economic growth fell from 7.5% in 2010 to just 2% in 2011. Have you seen an uptick in growth so far in 2012, and how do you feel the country's economy is performing today in general? 

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