World Economic data outlook - IMF predicts Libya economic growth 2013-2014: The Paris-based global financial institution said Libya is a ‘spectacular exception’ among the Arab Spring economies because of its oil wealth. Reports coming from the war-torn country suggest its oil output is returning to pre-civil war level faster than expected.
The IMF predicted that the country’s GDP will rise 122% this year, after shrinking around 60% last year. It is expected to rise 17% in 2013 and 7% annually on average between 2014 and 2017, assuming the domestic security situation improves, the report added that Tripoli would run a huge state budget surplus of 19% of GDP in 2012, and a current account surplus of 22%.
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