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Analysis by Region - Africa - Libya

Publisher Oxford Economics
Published Sep 11, 2025
Length 6 Pages
SKU # OFE20418419

Description

We have cut Libya's economic growth forecast by 1.4 ppts to 15.8% for 2025. Oil prices have been falling since the start of the year, with Opec+’s plans to raise supply, hastening the price decline. We now expect oil prices to average around $70.0 pb in 2025, down from last year's $80.53 pb.

Table of Contents

6 Pages
Libya: NOC actively pursues oil expansion
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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