Middle East Economic Survey


No 46



Social Unrest Belies Algerias Economic Resilience

The IMF estimates that youth unemployment in Algeria stands at 25%, a rate that it says has seen no change in the last two years and which it described as worrying. The assessment comes amid protests and outbreaks of sporadic violence in Algiers and elsewhere, motivated by the governments failure to raise living standards, despite record-high oil and gas revenues last year and Algerias...