24 Mins
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بوابة الوسط
Al-Fitouri Highlights Libya's Unemployment and Inflation Challenges
The article addresses the current dual economic crisis facing Libya, which includes a rise in unemployment rates reaching 40%, along with the prevalence of hidden unemployment in the public sector. It also highlights the decline in purchasing power due to ongoing inflation, leading to the erosion of families' financial capabilities. Economic expert Atiya Al-Fitouri explained that the absence of clear financial and monetary policies—such as controlling government spending and containing inflation—further complicates the crisis. Meanwhile, measures such as devaluing the dinar or adopting ambiguous monetary policies could contribute to increased speculation in the currency market instead of addressing the root causes. He also emphasized that solving the unemployment issue requires revitalizing the private sector, encouraging investment, and diversifying sources of income. Additionally, controlling inflation and stabilizing the dinar are essential to improving citizens' standard of living.
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