“Libya’s labour market is skewed toward the public sector, which employs more than 80 percent of the formal workforce, while the private sector employs just 4 percent of Libyans”, the World Bank reported in its latest January MENA Quarterly Economic Brief. “Furthermore”, the report continued, “attractive wages and benefits offered by the public sector have … Continue reading
Across the region, economic growth has fallen since 2011. In Egypt, Syria and Tunisia, and to a lesser extent, Lebanon, it happened mainly as a result of political instability. Since young people occupied Tahrir Square in Cairo, Egypt’s economy, the region’s largest, has shrunk by 7% and exports have fallen by around 40%, while the … Continue reading