Economy / Libya
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Macroeconomic Forecast Libya
February 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We have revised down only slightly our 2005 real GDP growth estimate from 6% to 5.8% on the basis of new official figures. We see this trend has been maintained in the medium term at least - we now expect real GDP growth to have reached 6.3% in 2006 and forecast growth of 5.8% in 2007 - on the back of expansionary fiscal policy which will boost domestic consumption and investment and infrastructure development efforts.