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Internal conflict and plunging oil prices are strangling Libya’s economy LIBYA is rapidly joining the ranks of Africa’s better-known failed states:the Central African Republic,Somalia and South Sudan.The North African country,once boasting one of the continent’s highest per-capita GDPs,is a shadow of its former self:torn apart by armed conflict and now felled by falling oil prices and declining production.
Internal conflict and plunging oil prices are strangling Libya’s economy LIBYA is rapidly joining the ranks of Africa’s better-known failed states: the Central African Republic, Somalia and South Sudan. The North African country, once boasting one of the continent’s highest per-capita GDPs , is a shadow of its former self: torn apart by armed conflict and now felled by falling oil prices and declining production.