CIAO DATE: 08/2014
August 2013
In the latest issue brief from the Atlantic Council’s Rafik Hariri Center, The Libyan Economy after the Revolution: Still No Clear Vision, authors Mohsin Khan and Karim Mezran evaluate the Libyan economy and progress since popular uprisings in February 2011 and the eventual ouster of the Muammar Qaddafi regime.
Virtually all economic activity, especially oil production (the mainstay of the Libyan economy) witnessed a dramatic decline in 2011. While there was some recovery in 2012 when the war ended and oil production came back faster than expected, the economy has not yet reached a point of sustained longer term economic growth. In fact, by 2013 the economy has only just got back to what it was prior to the uprising.
Resource link: The Libyan Economy after the Revolution: Still No Clear Vision [PDF] - 353K