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Τhis is what IMF was saying a day before the Libyan revolt !
gar - 13.03.2011 19:55
Monetary Fund (IMF) concluded the Article IV consultation with the Socialist People’s Libyan Arab Jamahiriya.1
Background
Nonhydrocarbon growth has been solid, against the backdrop of high domestic demand. It grew by an estimated 6 percent in 2009, mainly driven by investments in construction and in services. Meanwhile, hydrocarbon output declined significantly due to compliance with the OPEC quota, resulting in a contraction of overall real Gross Domestic Product (GDP) by an estimated 1.6 percent. Overall growth increased markedly by an estimated 10 percent in 2010 reflecting a sharp increase in oil production.
Monetary Fund (IMF) concluded the Article IV consultation with the Socialist People’s Libyan Arab Jamahiriya.1
Background
Nonhydrocarbon growth has been solid, against the backdrop of high domestic demand. It grew by an estimated 6 percent in 2009, mainly driven by investments in construction and in services. Meanwhile, hydrocarbon output declined significantly due to compliance with the OPEC quota, resulting in a contraction of overall real Gross Domestic Product (GDP) by an estimated 1.6 percent. Overall growth increased markedly by an estimated 10 percent in 2010 reflecting a sharp increase in oil production. Nonhydrocarbon growth also strengthened (to about 7 percent) as a result of large public expenditures. However, unemployment has remained high, particularly among the youth. Inflation is estimated to have picked up to about 4.5 percent in 2010 as higher oil revenue increased domestic liquidity and international commodity prices increased.....
 Website: http://garizo.blogspot.com/2011/03/his-is-what-imf-was-saying-day-before.html
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