Economic activity picked up in the second half of 2014. Stronger economic performance and lower oil prices pushed real GDP growth to an estimated 2.0 percent in 2014, compared to 0.9 percent in 2013, led by private demand. Renewed improvement in security conditions so far in 2015 and the launch of dialogue between opposing political parties are likely to positively impact consumer and investor confidence. In addition, continuously low oil prices are expected to have a positive net impact on the economy. As a result, real GDP growth this year is projected to further accelerate to 2.5 percent.
Lebanon Economic Monitor, Spring 2015: The Economy of New Drivers and Old Drags (PDF)