Fall in imports curbs Lebanon's balance of payments deficit - 0 views
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Christopher P on 29 Nov 13A combination of lower imports and increased exports have led to an improvement in the balance of payments of the country of Lebanon. The country has in past years imported several times more the amount that it exports, which had led to a great deficit of trade. Due to a slowing economy, imports have decreased enough to begin to improve the deficit. In addition, an emphasis placed on the service export sector (health care, education, etc.) has contributed to the improvement.