By CHIP CUMMINS
BEIRUT — Lebanon’s central bank governor said economic growth in the country could exceed 6% this year if parliamentary elections next month go off smoothly.
The central bank has so far been forecasting "a very realistic" growth rate of 4% this year, down from last year’s 8%, said Riad Salamé, governor of the Bank of Lebanon. The International Monetary Fund estimates growth this year of 3%. But in an interview Thursday, Mr. Salamé said the bank is now expecting a strong pickup in consumption later in the year.
"If you have a democratic election in June, you will see higher growth than 4% in 2009," he said. The summer months account for about 65% of Lebanon’s economic activity, he said: "It’s essential that this period be peaceful."







