VOL. XLIII

No. 18

1-May-2000

LIBYA

Libyas Economic Outlook

The Libyan economy is expected to experience an increase in economic growth in 2000 and 2001, following the lifting of EU sanctions last September and with international oil prices likely to remain high. According to an Economist Intelligence Unit (EIU) country report issued on 1 April, Libyan gross domestic product (GDP) is projected to grow by 5.8% in 2000 before easing back slightly to 5.2% in 2001. In 1999, GDP recorded a...