According to a recent report by the African Development Bank, the Libyan economy is expected to grow by 7.9%, while the projected growth rate for the North African region remains steady at 3.9% over the same period.
In a similar context, the report showed expectations for the growth of the economy of some other countries in the region, where the Algerian economy is expected to achieve growth of 4.2%, while the expectations for the Tunisian economy ranged at 2.1%, for the Moroccan economy at 3.5%, and for Mauritania at 5.2% during 2024.
This report comes as part of a series of periodic reports issued by the institution, which provides analysis and projections on growth and inflation in the region.
The recommendations made in the report include strategies to address persistent inflation and adopt effective monetary policies.