Algeria : 2016 Article IV Consultation-Press Release and Staff Report.

This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget deficit reached a record high in 2015 because of the collapse in hydrocarbon revenues and...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund. Middle East and Central Asia Dept
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Colección:IMF Staff Country Reports; Country Report ; No. 2016/127
Acceso en línea:Full text available on IMF
Descripción
Sumario:This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget deficit reached a record high in 2015 because of the collapse in hydrocarbon revenues and a significant fiscal expansion. Beyond 2016, the outlook hinges on the strength of the policy response to the oil price shock. The collapse in oil prices points to the urgent need to reshape Algeria's growth model. Algeria needs to undertake ambitious and sustained consolidation combined with a critical mass of structural reforms to diversify its economy and promote private sector-led growth and job creation.
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Descripción Física:1 online resource (63 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students