Libyan Economy to Shrink Further

War-torn countries are projected to be among the worst performers in terms of GDP growth in 2016, with Libya forecasted to be in last place.

According to the data from the Economist Intelligence Unit, the Libyan economy is expected to shrink by 8.3 percent this year.

This comes against a backdrop of 2.7 percent global GDP growth, up from 2.4 percent in 2015.

[The World Bank has a completely different take on the Libyan outlook - click here to view. - Ed.]

(Source: Economist Intelligence Unit)

(GDP image via Shutterstock)

Tags: ,
No comments yet.

Leave a Reply