{
  "title": "Algeria: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria",
  "publication": "IMF Staff Country Reports, June 1, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/06/01/algeria-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44960",
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  "summary": "This 2017 Article IV Consultation highlights Algeria’s continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.",
  "publishDate": "2017-06-01",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings on economic performance and vulnerabilities",
      "content": "- Overall economic activity was resilient in 2016.\n- Growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts.\n- Inflation increased from 4.8 percent in 2015 to 6.4 percent in 2016 and stood at 7.7 percent year over year in February 2017.\n- Unemployment was 10.5 percent in September 2016 and remains particularly high among youth (26.7 percent) and women (20.0 percent).\n- Despite fiscal consolidation in 2016, the fiscal and current account deficits remained large.\n- Public debt increased, reflecting in part the assumption of government-guaranteed debt.\n- International reserves, while still ample, have declined rapidly."
    },
    {
      "heading": "Subject areas and risks highlighted",
      "content": "- Banking; Financial institutions; State-owned banks\n- Fiscal consolidation; Fiscal policy; Fiscal risks; Public financial management (PFM)\n- Oil prices; Oil price shock\n- Prices; Exchange rate; Exchange regime; Money market rate\n- Support private sector development"
    },
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      "heading": "Publication and document metadata (as provided)",
      "content": "- Pages: 65\n- Volume: 2017\n- Issue: 141\n- Series: Country Report No. 2017/141\n- DOI: https://doi.org/10.5089/9781484302668.002\n- Stock No: 1DZAEA2017001\n- ISBN: 9781484302668\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Middle East and Central Asia Dept. \"Algeria: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria\", IMF Staff Country Reports 2017, 141 (2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/06/01/algeria-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44960"
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    "Published: June 1, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484302668.002",
    "Overall economic activity was resilient in 2016.",
    "Growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts.",
    "Inflation increased from 4.8 percent in 2015 to 6.4 percent in 2016 and stood at 7.7 percent year over year in February 2017.",
    "Unemployment was 10.5 percent in September 2016 and remains particularly high among youth (26.7 percent) and women (20.0 percent).",
    "Despite fiscal consolidation in 2016, the fiscal and current account deficits remained large.",
    "Public debt increased, reflecting in part the assumption of government-guaranteed debt.",
    "International reserves, while still ample, have declined rapidly.",
    "Banking; Financial institutions; State-owned banks",
    "Fiscal consolidation; Fiscal policy; Fiscal risks; Public financial management (PFM)",
    "Oil prices; Oil price shock",
    "Prices; Exchange rate; Exchange regime; Money market rate",
    "Support private sector development",
    "Pages: 65",
    "Volume: 2017",
    "Issue: 141",
    "Series: Country Report No. 2017/141",
    "DOI: https://doi.org/10.5089/9781484302668.002",
    "Stock No: 1DZAEA2017001",
    "ISBN: 9781484302668",
    "ISSN: 1934-7685",
    "**Country Report**"
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