Libya: Economically damaging stalemate at best, sustained violence at worst

Country Views
Libya: Economically damaging stalemate at best, sustained violence at worst
  • Libya’s new civil war is not only threatening any progress in building a stable state, it is in danger of turning into a regional proxy war.
  • The IMF expects 2019 real GDP at 4.3% based on oil production at around 1 Mb/d. But such growth will be difficult to attain in a country in conflict and with the oil sector subject to constant supply disruptions.
  • Hoping to restore its oil industry to full capacity, Libya is extending its links with China for assistance. It has signed a memorandum of understanding with the China National Petroleum Corporation covering investments and trading of Libyan’s oilfield services.

Florence Eid-Oakden, Ph.D, Chief Economist

Charlene Rahall, Analyst

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

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