
Analysis by Region - Africa - Libya
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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