Libya: Staff Concluding Statement of the 2025 Article IV Mission
Official inflation stood at close to 2 percent in 2024, reflecting extensive subsidies and affected by measurement issues
The dispute over the leadership of the central bank last August and the associated disruption in oil production weighed on growth in 2024. Output is estimated to have contracted, driven by the forced contraction in hydrocarbon GDP, but offset somewhat by the expansion in non-oil activities fueled by sustained government spending. Following the…