BoP On Stable Footing… For Now

We forecast Algeria's current account surplus to widen to 15.3% of GDP in 2010 and narrow to 14.1% of GDP in 2011. That said, the downside risks to oil prices and the unexpected uptick in wheat prices recently pose distinct risks to our projections. In addition, Algeria's weak business environment is preventing foreign investors from enetering the country's energy sector, in turn reducing scope for energy exports over the long

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