![]() ![]() However, what is interesting is that agriculture didn’t grow – toward zero percent or 0.1 percent – which is something quite interesting for the Lebanese economy. Other sectors like trade services and industry grew by an average of 4 percent over 2001 to 2007, the years for which we have data. In terms of numbers, we had 8 percent growth in transport and telecom – so mainly telecommunications – between 20, followed by construction, which grew by 6 percent. The drivers were mainly the telecommunications sector and construction. But even before the July war, we had modest performance in the country. We had a drop of minus 5 percent because of the war, and then after the war there was the boom because of reconstruction. Between 20, real GDP growth in Lebanon grew by an average of 4 percent a year. The drivers of Lebanon’s growth have been mainly services and the construction sector. Jad Chaaban: Lebanon is well-integrated into the global economy, therefore, according to IMF projections, there will be a slowdown in the economy for 2009. Which sectors have been driving growth until now in Lebanon? Navtej Dhillon: Lebanon’s GDP growth is projected to slow in 2009 due to the effects of the global recession. This comes as a continuation of our earlier series: “ Food, Fuel, and Finance: How Will the Middle East Weather the Global Economic Crisis? Indeed, in comparison with the year preceding the crisis, instead of a reduction of four percentage points in child monetary poverty in 2011 predicted in the absence of crisis, the simulations indicate a 6.6 percentage point increase, with a continuous increasing pattern over the period of study.Editor’s Note: Experts from the Middle East Youth Initiative continue to monitor the effects of the global economic crisis on the region’s markets. Simulations suggest that the financial crisis would increase monetary poverty and hunger across all regions of Ghana, eroding many of the gains made over the past few years. ![]() As timely data are not available, a combined macro-micro economic model to predict the impact of the global crisis on children was developed. The main goal of this paper is to understand the potential impacts of the 2008/9 global crisis on different dimensions of child poverty (monetary, hunger, school participation, child labour and access to health services) in Ghana and to support the policy-maker in designing the most appropriate policy response to counteract the negative effects of the crisis. Indeed, as Ghana’s economy is among the most open in Africa, it is expected that the country has been and will continue to be severely affected by the crisis, although strong export prices of its main exports (gold and cocoa) may at least partially counteract the effects associated with the crisis. Like many countries in sub-Saharan Africa, Ghana is experiencing the impact of the global crisis and the uncertain economic outlook.
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