Algeria Economic Outlook
November 27, 2018Growth was feeble in the second quarter after an already weak first quarter showing, chiefly on the back of a marked contraction in the oil sector and slowing industrial production. However, growth should increase in H2 thanks to higher fiscal spending and a ramp-up in oil-sector investment from Sonatrach, with several gas field expansions coming online in the period. Nevertheless, President Bouteflika’s likely bid for a fifth term in next year’s elections is hampering progress on crucial economic reforms, which bodes poorly for Algeria’s non-oil sector going forward.
Algeria Economic GrowthEconomic momentum next year should be supported by a new energy law expected for H1 2019, which will likely buoy FDI inflows, coupled with Sonatrach’s large scale investment plan buttressing hydrocarbon output—notably natural gas. A weak fiscal position, high youth unemployment and a lack of economic reforms, however, pose key downside risks to the outlook. Met the why particular panelists expect GDP to grow 2.6% in 2019, which is unchanged from last month’s forecast, and 2.3% in 2020.
Algeria Economy Data
5 years of Algeria economic forecasts for more than 30 economic indicators.
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|Exchange Rate||118.8||-0.11 %||Dec 11|
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