Improvement of the economic outlook depends crucially on the endorsement by the House of Representatives of the Government of National Accord (GNA) formed under the auspices of the UN. The economic and social outlook assumes that the GNA is eventually empowered to restore security and launch a comprehensive program to rebuild the economic and social infrastructures. In this context, GDP is projected to increase strongly in 2016. However, the twin deficits will prevail as oil revenues will not be sufficient to cover the high budget expenditures and consumption-driven imports. Over the medium term, as oil production returns to full capacity, growth is projected to rebound at two digit growth rates in 2017 and 2018, before stabilizing thereafter between 5 and 6 percent.