Macroeconomic Forecast Libya

Jose Fernandez, the US Assistant Secretary of State travelled to Tripoli in late April to take part in America's first trade mission to Libya since the end of large-scale conflict in 2011. Fernandez is reported to have met with business and government leaders in an effort to lay the groundwork to boost bilateral trade ties between the two countries. A strengthening in bilateral investment and trade ties with the US would be a welcome development for the Libyan economy as it seeks to rebuild in the years ahead, particularly given the country's dependence on the slow-growing eurozone as an export market.

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