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Lebanon’s Economy Copes With Turmoil, Central Bank Chief Says

Lebanon’s economy is coping with fallout from the four-year war in neighboring Syria, with the currency, interest rates and deposits showing signs of stability, according to central bank Governor Riad Salameh.

Gross domestic product grew 2 percent last year and the first quarter showed a similar trend, Salameh said in an interview at his office in Beirut on Tuesday. Though way below the average 8 percent a year between 2007 and 2010, “we’re not in a crisis,” he said.