Libyan Growth To Cool In 2024, But Remain Robust On Rising Oil Output
Country Risk / Libya / Mon 05 Feb, 2024
Key View
- We expect growth in Libya will moderate from an estimated 19.5% in 2023 to 9.5% in 2024, in part due to less favourable statistical base effects.
- Robust growth will be sustained by a gradual increase in oil production and exports, with oil sector revenues supporting growth in public spending and investment.
- Risks remain tilted