Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

ALGERIA

Hydrocarbons, Fiscal Stimulus Boost Algerian Economy, Says IMF

The Algerian economy has recovered strongly from the slowdown in 2000 as buoyant hydrocarbon revenues and an expansionary fiscal policy have combined to spur real GDP growth to an estimated 7% and 5.5% in 2003 and 2004 respectively, according to the IMF. Unemployment has come down, but remains high, while inflation has stayed relatively stable at around 0% to 4% since...