Algeria: Staff Report for the 2013 Article IV Consultation

Publication Date: February 04, 2014
Electronic Access: Free Full text (PDF file size is 1,421KB).
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Summary: This 2013 Article IV Consultation highlights that Algeria’s economic performance in 2013 has been satisfactory. Inflation, which reached 8.9 percent last year, has decelerated significantly in 2013 thanks to fiscal consolidation and prudent monetary policy. Real GDP growth is expected to slow to 2.7 percent in 2013 from 3.3 percent in 2012, reflecting a continued decline in hydrocarbon sector output and lower public spending. The current account surplus is expected to narrow to 1.1 percent of GDP in 2013, as robust domestic hydrocarbon consumption, together with declining prices, weighs on hydrocarbon exports and import growth remains sizeable.
Series: Country Report No. 14/32
Subject(s): Article IV consultation reports | Economic growth | Hydrocarbons | Fiscal policy | Fiscal consolidation | Fiscal reforms | Monetary policy | Real effective exchange rates | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Algeria

Publication Date: February 04, 2014
ISBN/ISSN: 9781475566215/1934-7685 Format: Paper
Stock No: 1DZAEA2014001 Pages: 56
US$18.00 (Academic Rate:
US$18.00 )
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