World Bank Expects Strong Libyan Recovery

The World Bank expects the Libyan economy to recover rapidly in 2016, growing by 35.7 percent, according its flagship "Global Economic Prospects" report released on Wednesday.

This follows an estimated fall of 5.2 percent last year, and of nearly 50% over the past three years.

Growth rates of 27.6 percent and 8.4 percent are predicted for 2017 and 2018 respectively.

This contrasts dramatically with the gloomy prediction from the Economist Intelligence Unit, which showed a further contraction in the economy.

(Source: World Bank)

One Response to World Bank Expects Strong Libyan Recovery

  1. Dr Satya P.Bindra 12th January 2016 at 5:49 pm #

    UNCSD Rio+20 Focal Point Libya hails the World Bank prediction of an optimistic economic development scenario in Libya during 2016.

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