Middle East Economic Survey


No 39



IMF Says Libyas Economic Performance Strong In 2008, Outlook Subject To Downside Risk

The impact of the global financial crisis on Libya has thus far been limited to the decline in oil revenue, says the International Monetary Fund (IMF) in its closing report to the Article IV consultation with the Libyan authorities. Overall, the country registered a strong macroeconomic performance in 2008 with a real GDP growth rate of about 3.8%....