Lebanon slipped into the 10th place among 11 Arab countries in terms of macroeconomic risks in 2014, Cairo-based investment bank EFG Hermes said. The bank’s “Macroeconomic Heat map for 2014” report said that Lebanon’s ranking fell from ninth place in 2012 and 2013, compared with its 7th place ranking in 2011. EFG Hermes attribute the fall to the tense political situation in Lebanon and the region as well as economic slowdown.

 

The view reflects the negative outlook of international rating agencies as well as the International Monetary Fund and the World Bank. EFG Hermes said Lebanon received a score of 52.9 points on a maximum possible score of 100. [Link]