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Recently released market study: Jordan, Lebanon & Syria Business Forecast Report Q2 2011

New Country Reports market report from Business Monitor International: "Jordan, Lebanon & Syria Business Forecast Report Q2 2011"

 
PRLog - Apr. 28, 2011 - Regional Tensions Set To Boil Over?  The Q111 Jordan, Lebanon, Syria Business Forecast Report  describes an increasingly fragile macroeconomic and political risk  backdrop heading into 2011. In terms of broader regional stability, we  are growing particularly concerned about the potential indictment of  key members of Hizbullah following the release of the UN 's Special  Tribunal for Lebanon (STL )'s findings, which is investigating the  2005 assassination of former Lebanese prime minister Rafik Hariri.    Should regional political tensions mount more quickly than currently  anticipated, this would pose a clear downside risk to economic  growth and reform momentum over the coming year. Nevertheless,  broadly speaking we maintain a relatively favourable medium-term  macroeconomic outlook on the region, as increased investor interest  (particularly from the Gulf) underpins foreign investment inflows  going forward.  Despite an ongoing political stalemate that has seen the legislative  process come to a halt and much needed economic reforms put on  the backburner, Lebanon's convergence story remains ongoing. That  said, we expect growth momentum to slow through our five-year  forecast period, with real GDP projected to expand by an average  of 5.0% year-on-year (y-o-y) between 2011 and 2015, down from an  estimated average of 8.3% in 2007-2010. While the economy has so  far proved resilient in the face of political paralysis, growing internal  political ructions pose significant downside risks to our forecasts.    The Syrian government's strong emphasis on infrastructure development  has been clearly evident of late, with the country's 11th Five-Year  Plan prioritising the sector to meet the requirements of economic  growth and social development. Although the plan, which covers  2011-2015, has yet to be finalised and approved, the 2011 government  budget has been approved by the cabinet and earmarks 45%  of total spending for investment expenditures. We believe Syria's  emphasis on infrastructure development will help to keep real GDP  growth stable in the 4-5% range over the medium term. However,  we note that Syria's unfavourable business environment may impede  the government's ability to achieve its infrastructure goals.  Despite Jordan being a relatively small economy and not benefitting  from the luxury of rich oil resources, we believe that a strong growth  story combined with a relatively stable political environment will  continue to make it an attractive destination for foreign investment  over the medium term. We highlight the pharmaceutical sector as  one of the most attractive industries in the country, while we remain  cautious about the freight transport, infrastructure and telecoms  sectors.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/149575_jordan_lebanon_syria_bu...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Tags:Infrastructure, investment, tensions, reform, pose, story, downside, attractive, momentum, emphasis
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