The Libyan economy may begin to feel the benefits of ‘regime change’ sooner than many commentators expect. Given the composition of the Transitional National Council (TNC) and Libya’s vast financial and natural resource wealth, it is possible that political stability can be quickly restored and reconstruction efforts can commence. While the country’s economy will undoubtedly be devastated this year, it could start to grow rapidly towards the second half of 2012 as reconstruction begins and oil flows again.
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