Economy / Libya
If you would like to subscribe to North Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to North Africa Monitor please click on the trial link below.
Macroeconomic Forecast Libya
September 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to North Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to North Africa Monitor please click on the trial link below.
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.