Macroeconomic Forecast Libya

October 2008 | Macroeconomic Forecasts

We have revisited our GDP growth forecasts for Libya, and although it remains in a strong position economically, we believe that no country will be completely immune from current global conditions. In light of lower oil prices in 2009, we see growth coming in at 5.5%, down from a forecast 5.7% in 2008. Investment inflows from the Gulf, Europe and the US are all likely to be negatively affected by slower growth rates.

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