We have kept our 2025 GDP growth forecast for Lebanon at 0.8%. The ceasefire deal signed between Israel and Hezbollah at the end of November has de-escalated the regional conflict. However, the truce remains vulnerable to violations, challenging planned implementation before the end of January. Meanwhile, the Lebanese authorities are also dealing with the regime change in neighbouring Syria, including the possible return of the large Syrian refugee population it's been host to.
Lebanon: Outlook unchanged amid geopolitical turbulence