The year 2011 saw some intense domestic political tension combined with regional political instability that has seriously damaged Lebanon's economic prospects for 2012.
The Lebanese tourism industry may have been hit by the recent economic downturn, but not its wine industry. A wine-tasting festival in the heart of Beirut's downtown area last week brought together hundreds of fans eager to try Lebanese wine samplings, which have grown to include various brands and types.
A slow tourist season, and a tumultuous political environment, have dealt a blow to the rapid economic growth that Lebanon has been witnessing since 2010.
The formation of a government and the renewal of the Central Bank Governor's mandate last week brought back some semblence of stability to Lebanon.
This time of year, Lebanese businessmen usually brace themselves for what they hope to be will be a good season for them and, more broadly, for the economy. Tourists begin flooding into the country and resorts reach full occupancy. This year, however, may be different. Regional upheavals have sent tourists venturing into other regions.