Macroeconomic Forecast Libya

September 2007 | Macroeconomic Forecasts

Expansionary fiscal policy, and in particular high levels of capital expenditure, should result in robust growth in Libya over the forecast period, with economic expansion reaching 5.2% this year. However, the undue dependence on the oil sector, political barriers to reform and red tape remain major downside risks to our forecasts. Overall, we see the fiscal and current account outturns remaining firmly in positive territory.

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