World Bank: Libyan economy to recover and grow by 35.7% in 2016

 

Optimism or wishful thinking !?… Hope so though !

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 6th January 2016 !

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.

Have a look at its full 286-pages report (go to page 131 for the Libyan prospects). Happy reading  (and thank you World Bank !):

World Bank Global Economic Prospects January 2016

 

 

 

 

 

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