Country Economic Forecasts - Libya
Disruptions to oil production in June and July due to conflict and political factionalism have led us to adjust the forecast for GDP growth downward to 14.7% from 16.5% previously. With political tensions rising ahead of elections planned for December, further disruptions are likely. We have lowered our forecast for oil production to an average of 925,000 bpd this year from 975,000 bpd in our last report.
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