Lebanon Plans Stimulus as Salameh Sees Risk of Zero Growth

Lebanon’s central bank is planning a stimulus package of at least $1 billion next year to revive an economy rattled by political unrest and the civil war in neighboring Syria, Governor Riad Salameh said.

Economic growth in the most indebted Arab country will likely range between zero and 1 percent this year, the slowest pace since at least 2011, Salameh told Bloomberg on Monday. The planned stimulus, which he said could rise to as much as $1.5 billion, brings the total of the central bank’s assistance programs to about $5 billion since 2013.