Macroeconomic Forecast Algeria

October 2006 | Macroeconomic Forecasts

Driven by government spending underpinned by high hydrocarbon revenues, we expect the Algerian economy to grow by 5.5% in 2006 and relatively robustly thereafter in 2011. We now expect the average for the OPEC basket to come in at US$54.5/bbl in 2007, down from US$61.5/bbl as we anticipate this year. Despite downward shift in oil prices, both the current account and fiscal balances will remain in surplus over the forecast period.

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