Algeria : Staff Report for the 2013 Article IV Consultation
Electronic Access:
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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:
Algeria Article IV consultation reports Debt sustainability analysis Economic growth Economic indicators Fiscal consolidation Fiscal policy Fiscal reforms Hydrocarbons Monetary policy Press releases Real effective exchange rates Staff Reports
English
Publication Date:
February 4, 2014
ISBN/ISSN:
9781475566215/1934-7685
Stock No:
1DZAEA2014001
Format:
Paper
Pages:
56
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