IMF downgrades Libya forecasts again
09-04-2014
In its latest forecasts, the International Monetary Fund (IMF) now projects that Libya's economy will shrink by 7.8% this year and generate a budget deficit of around 29% of GDP.
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IMF now expects Libyan economy to shrink this year World Bank downbeat on GDP growth Budget deficit "at LD3.8bn" IMF ups economic growth forecasts State revenues last year were highest since 2008 IMF forecasts 116.6% growth in 2012 IMF says Libya's GDP fell by 60% in 2011, expects strong recovery in 2012 Central Bank: GDP doubled last year, but still well below pre-war levels No budget deficit in 2012, says finance minister Inflation was 2.6% last year, says CBL
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