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Bank Audi Quarterly Economic Report

Country: Lebanon

Quarterly Economic Report from Bank Audi. Has become a benchmark Lebanese economic publication quoted frequently in the local and international press.

Getto know usGet ServedGet Capital MarketsGet EconomyGet Connected--- Get Connected --- gt; Corporate Profile gt; Management gt; Financials gt; Audi Investment Bank gt; Affiliated Companies gt; Press Releases gt; Addresses gt; Sister Banks-- gt; Sister Banks-- gt; World Wide Correspondents gt;Board of Directors gt; Executive Committee gt; Office of the General Manager gt; Regional Management gt;Foreign Desks gt;Central Departments gt;Legal Advisors gt; Auditors gt;Affiliated Companies gt; Head Office gt; Local Network gt; ConsolidatedBalance Sheet gt; ConsolidatedIncome Statement gt;Consolidated Cash Flows gt;Consolidated Statement of Changes in Shareholders Equity gt; Sponsorship gt; Unicef Partnership gt;Board of Directors gt;Management gt;Legal Advisors gt;Auditors gt;Address-- gt; Subsidiaries gt; Bank Audi Luxembourg gt; Bank Audi Suisse gt; Bank Audi USA-- gt; Get Fixed Income gt; Get Equity gt;Economic Research gt;Weekly Report gt;Quarterly ReportIMG1 SRC/index/lined.gif 85IMG1 SRC/index/lined.gif 92IMG1 SRC/index/lined.gif 40IMG1 SRC/index/lined.gif 80IMG1 SRC/index/lined.gif 106IMG1 SRC/index/lined.gif 34IMG1 SRC/index/lined.gif 92IMG1 SRC/index/lined.gif 52 gt; Retail Banking gt; Commercial Banking gt; Corporate Banking gt; Commercial Finance gt; Capital Markets gt; Private Banking gt; Merchant Banking--- gt;Harvest --- gt; Audi On-Line gt;Bancassurance Products gt; Current Account gt; Dial Audi gt; Express Account gt; Housing Loan gt; Net Account gt;Payment Cards gt; PC Loan gt; Plus and Premiere ATM Recharging gt; Salaf gt; Safe Deposit Boxes gt; Saving Accounts gt; SpecialOffers gt; Winners ofthe Special offers gt; MasterCard andVisa gt; American Express gt; BankerNet/Visa-Electron gt; Internet Card-- gt; Aman Al Afak gt; Aman Al Ajial gt;Aman Al Dar gt; Aman Al Darb gt; Aman Al Dirassa gt; Aman Al Hayat gt; Aman Al Khidma gt; Aman Al Maktab gt; Hizam Al Aman gt;SmartcareIMGSRC../../toolbar/logo.gif 110 33 0ALTHomepageQuarterly Economic Report2nd Quarter 2004BACK TO A REAL GROWTH TRAJECTORY Highlights: Economic growth is estimated to have reported slightly above 3% in real terms, its highest level since the year 1997. The growth was generated from both private demand and foreign demand. It is estimated that domestic private demand grew by 18.5% year-on-year driven by both its private investment and consumption components. In parallel, foreign demand grew by 23.9% in real terms over the same period. Money Supply grew by 12.5% year-on-year, more than offsetting the contraction in the velocity of money (-5.4%), leading, within the context of an average price inflation of 2.2%, to the observed real improvement in output. Construction permits grew from 4.0 million square meters during the first half of 2003 to 4.3 million square meters over the same period of 2004, thereby exhibiting a growth of 6.2%. Cement deliveries amounted to 1.23 million tons during the first half of 2004, rising by 6.2% relative to the same period

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