Central Bank sees 18% Growth in 2013

The governor of Libya's central bank has said that despite the unrest in the country, he expects the economy to grow 18 percent this year.

Saddek Omar Elkaber (pictured) added that inflation would hover between 2 and 3 percent.

Unlike other countries that went through Arab Spring uprisings, Libya has oil reserves and accumulated oil earnings, which has helped its economy rebound.

The International Monetary Fund (IMF) has said Libya's economy was poised to grow 17 percent in 2013 and should average growth of 7 percent annually between 2014 and 2017.

(Source: Reuters)

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