Algeria: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, December 11, 2014
Source details
- Canonical URL
- Algeria: Staff Report for the 2014 Article IV Consultation
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Bibliographic details
- Published: December 11, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498382526.002
Economic activity and growth
- Real GDP growth projected to reach 4 percent in 2014.
- Real GDP growth was 2.8 percent in 2013.
- The hydrocarbon sector is expected to expand for the first time in eight years.
- Nonhydrocarbon growth remains supportive.
Inflation and monetary policy
- Inflation has decelerated sharply to 2.1 percent.
- Tighter monetary policy is cited as a contributing factor to lower inflation.
Fiscal outlook and public finances
- The fiscal deficit is expected to widen to more than 7 percent.
- Drivers of the wider fiscal deficit include:
- Lower hydrocarbon revenue.
- A sharp increase in capital expenditure.
- Continued high current spending.
- Fiscal savings are expected to decline for the second consecutive year.
Subject coverage and keywords (as listed)
- 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
International Monetary Fund. December 11, 2014.