Consumption in Algeria
Algeria - ConsumptionGrowth 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 - Consumption Data
|Consumption (annual variation in %)||3.4||3.2||3.6||2.6||-|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||118.4||-0.11 %||Dec 11|
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