Algeria: Staff Report for the 2014 Article IV Consultation

December 11, 2014

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Algeria: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This 2014 Article IV Consultation highlights that economic activity in Algeria has picked up in 2014, with real GDP growth projected to reach 4 percent following 2.8 percent growth in 2013. The hydrocarbon sector is expected to expand for the first time in eight years, while nonhydrocarbon growth remains supportive. Inflation has decelerated sharply to 2.1 percent, thanks in part to tighter monetary policy. The fiscal deficit is expected to widen to more than 7 percent owing to lower hydrocarbon revenue, a sharp increase in capital expenditure, and continued high current spending. Fiscal savings are expected to decline for the second consecutive year.

Subject: Banking, Capital spending, Credit, Expenditure, Exports, Fiscal consolidation, Fiscal policy, International trade, Money, Oil prices, Prices

Keywords: Capital spending, CR, Credit, Europe, Export, Export base, Exports, FAD mission, Fiscal consolidation, GDP, Global, Hydrocarbon export price, ISCR, Labor market, Liability positions vis-à-vis nonresident, Oil prices, SDR, Skills mismatch

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/341
Stock No:

1DZAEA2014004
ISBN:

9781498382526
ISSN:

1934-7685

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