Economy / Libya
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Macroeconomic Forecast Libya
July 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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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, the dependence on the oil sector remains a key concern particularly as oil prices are beginning to ease. Overall, we see the fiscal and current account balances remaining firmly in positive territory.