Macroeconomic Forecast Libya

June 2008 | Macroeconomic Forecasts

We are forecasting real GDP growth of 7.0% in 2008, on the back of record oil prices, investment in infrastructure projects and the growing participation of foreign businesses in the oil industry. Should current conditions prevail, we see growth remaining above 6.0% throughout the forecast period, although political upheaval poses a downside risk.

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