"According to the simple average of growth rates forecasted by nine foreign institutions that estimate and forecast Lebanon's GDP, the average real GDP growth rate
is likely to slightly improve from 1.1 percent in 2013 to 2.1 percent in 2014."
Blue Chip forecasters predict that the real GDP growth rate
will slacken in the coming quarters but still remain above its long-term average for the rest of the year.
The Philippines posted a real GDP growth rate
of 5.3 per cent in 2006, 7.1 per cent in 2007, 3.8 per cent in 2008 (during the global financial crisis that hit developed countries), and 0.9 per cent in 2009.
"Sustained substantial investments have been made in economic diversification and the development of physical and social infrastructure, which has contributed to real GDP growth rate
of more than 5pc in the region over the past decade," he said.
Real GDP growth rate
is projected at 7% in 2013, 7.6% in 2012 and 7.8% in 2015, Deputy Economy Minister Sanzhar Mukanbetov said at the session of the parliamentary committee for budget and finances today.
About 40 percent respondents surveyed estimate that the country's real GDP growth rate
would be between 7-7.5 percent by the end of the current fiscal.
In 2009-2010, Lebanon registered a 9 percent real GDP growth rate
. In 2009, real GDP grew by 1 percent in Lebanon despite the financial crisis taking over, and in 2010 Lebanon and Yemen led regional growth, registering 7 percent increases.
The new methodology also meant the real GDP growth rate
for fiscal 1998 was revised sharply upward to minus 0.7% from minus 1.9%, the agency said.
After the revision, the real GDP growth rate
for 2002:IVQ was still only about half of its long-term average of 3.0% (annual rate).
In general the UAE is going to witness average real GDP growth rate
of 5 per cent in the next five years.
"Real GDP growth rate
is projected to moderate to six per cent in 2012, with real hydrocarbon GDP slowing down to three per cent, as LNG production remains constant due to the self-imposed moratorium on new hydrocarbon projects.