Macroeconomic Forecast Libya

April 2007 | Macroeconomic Forecasts

Expansionary fiscal policy, and in particular high levels of capital expenditure, should mean robust growth in Libya over the forecast period, with economic expansion reaching 5.2% this year. However, given dependence on the oil sector remains a key concern particularly as oil prices are beginning to ease. Nevertheless, our anticipation of lower oil prices, we see the fiscal and current account balances remaining firmly in positive territory.

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