IMF: Libya economy seen rebounding this year
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Economic activity in Libya is likely to rebound this year as the country rebuilds from civil war and oil production increases to levels last seen during Muammar Gaddafi's rule, the International Monetary Fund said on Tuesday.
In a report on Libya's economy conducted in May but only published on Tuesday, the IMF forecasts growth will skyrocket to 116.6% this year following a contraction of 60% in 2011. Growth next year is expected to reach 16.5%, the IMF added. (Reuters)
