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Vol 54 N0 2

Published 18th January 2013


Libya

Not so open for business

The government is drifting and so is business, which is deterring investment

Although the Libyan economy is returning to life – with the oil sector in the lead – planning is not. Despite the pressing need to rebuild, little is going on. The International Monetary Fund says gross domestic product grew by 122% in 2012 after dropping 60% in 2011 but nearly all that is because oil exports have resumed. Other sectors and all-important public expenditure are in the doldrums.

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