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Economic growth crashing to 1.3 percent Lebanon’s real gross domestic product growth for 2011 is expected to be just 1.3 percent, according to the Economist Intelligence Unit’s (EIU) latest country report, down from an estimated 7.5 percent in 2010. The EIU attributes the slowdown to national and regional political instability. The report indicates that the country’s economy is subject to shocks in the service sector, which is heavily reliant on political stability. Private consumption is expected to decline when compared to figures from 2007 to 2010 and businesses are predicted to invest less in the growth of their companies. Political instability stunts the government’s contributions to growth, while also hindering the decision-making process with regard to the state’s budget. EIU’s report also predicts average inflation to climb 5.5 percent in both 2011 and 2012, as the prices of oil and food continues to increase. Israel still hobbling Palestinian workforce There