Algeria Economic Outlook
October 4, 2016In late September, Algeria hosted a meeting of oil-producing states. The participants agreed on a potential output cap, which will be formalized at the November OPEC meeting. A rise in oil prices could help to mitigate the country’s current struggles, which stem from the stark depreciation of the dinar, plunging government revenue and dwindling foreign exchange reserves. Also in September, the Parliament debated the features of the government’s 2017 financial plan. Under one of the measures envisaged, several banks, which have been state-owned until now, should start trading on the stock exchange next year. The aim is to attract foreign investment and develop the financial sector.
Algeria Economy Data
5 years of Algeria economic forecasts for more than 30 economic indicators.
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|Exchange Rate||110.4||-0.13 %||Oct 21|
Algeria Economic Growth
October 4, 2016The government’s commitment to reform the economy and the OPEC deal are boosting the outlook. Panelists expect GDP to expand 2.2% in 2016, which is up 0.4 percentage points from last month’s forecast. For 2017, the economy is expected to grow 2.2% as well.