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Impact of COVID-19 on real GDP growth in Libya 2019-2022
sharpest GDP contraction in North Africa in that year. Nevertheless, projections made in December 2020 showed that the country's economy would recover in 2021 and 2022, with a positive growth of the GDP.
The Libyan economy suffered from the impact of the coronavirus (COVID-19) pandemic. In 2020, the country's real Gross Domestic Product (GDP) declined dramatically by over 60 percent. This was the