Arab Today, arab today libyan economy too dependent on oil
Last Updated : GMT 04:39:19
Arab Today, arab today
Arab Today, arab today

Libyan economy too dependent on oil

Arab Today, arab today

Arab Today, arab today Libyan economy too dependent on oil

Taipel - Arabstoday

The Libyan post-war economy remains too highly dependent on earnings from oil, an analysis from the International Monetary Fund said. Clashes in Libya since war ended in 2011 have undermined the country\'s political reforms. Militant attacks and labor strikes have affected the country\'s post-war energy potential. The IMF said that Libya\'s economy depends almost entirely on hydrocarbons for revenue and 60 percent of gross domestic product. While economic activity is recovering rapidly, the high degree of dependency on volatile hydrocarbon earnings makes economic performance vulnerable to oil shocks and complicates macroeconomic management, the assessment read. The IMF said that Libya\'s economy moved from a budget deficit of 18.7 percent of GDP in 2011 to a surplus of 24 percent of GDP in 2012 as oil production recovered from war. Its economy, however, started to depend more on higher priced oil during recovery, the fund said. Although Libya can afford elevated levels of current expenditures in a transitional period, the high level of wages and subsidies and a weak governance framework, may lead to an \'entitlement mentality\' and undermine the prospects for fiscal sustainability and inter-generational equity, the assessment said.  Albawaba Business

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libyan economy too dependent on oil Arab Today, arab today libyan economy too dependent on oil

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libyan economy too dependent on oil Arab Today, arab today libyan economy too dependent on oil

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday