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Analysis by Region - Africa - Libya

Publisher Oxford Economics
Published Dec 11, 2025
Length 6 Pages
SKU # OFE20650279

Description

Our new oil price outlook paints a bleak picture for the Libyan economy. We've cut our economic growth projections because of the downward revision to our global oil price forecast, while our oil production forecast still assumes stable production over the forecast period. We now predict economic growth of 12.6% for this year (previously 15.0%). But the economic growth profile has also been lowered across the entire forecast period: we now project growth at 9.4% (previously 9.7%) in 2026 and 5.8% (previously 8.7%) in 2027.

Table of Contents

6 Pages
Libya: Lower oil prices to weigh on the economy
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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