Algeria : Staff Report for the 2014 Article IV Consultation

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

December 11, 2014

Electronic Access:

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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.

Series:

Country Report No. 14/341

Subject:

English

Publication Date:

December 11, 2014

ISBN/ISSN:

9781498382526/1934-7685

Stock No:

1DZAEA2014004

Format:

Paper

Pages:

60

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