Economy

We estimate that Algeria's current account surplus grew by 147.1% y-o-y in 2011, coming in at 15.4% of GDP. Algeria is likely to maintain a healthy external position in 2012, even though... 2012-02-27

With oil production continuing to come back on stream faster-than-expected, we have revised up our forecast for real GDP growth in Libya to 22.4% in 2012. To be sure, this mainly reflects... 2012-02-27

Growth in Algeria is set to pick up slightly in 2012. We expect Algiers' efforts at fiscal consolidation to come up short of the government's target, minimising their impact on consumer... 2012-02-14

We estimate that Algeria's current account surplus came in at US$30.0bn in 2011, growing by 147.1% y-o-y. This was largely due to a 39.9% increase in hydrocarbon exports, fostered by... 2012-01-30

In late January Libya's National Transitional Council agreed to pay US$400mn of a total of US$1.4bn in repayments to Turkish contractors for work that was completed before the anti-Qadhafi... 2012-01-26

We expect Tunisia's budding economic recovery to persist in 2012. After dropping off sharply in the aftermath of the political crisis in early 2011, industrial production and fixed... 2012-01-26

Customs data released on January 22 showed that energy exports amounted to US$ 71.2bn in 2011, a 28.3% increase on 2010. We estimate that the current account surplus came in at 20.5%... 2012-01-25

Headline inflation in Tunisia increased by 4.2% y-o-y in 2011. Inflation will remain elevated in the medium term, and we reaffirm our forecast that it will come in at 4% by end 2012.... 2012-01-24

We expect the Bank Al-Maghrib to keep interest rates in Morocco low through 2012. Despite the economy's resilient growth prospects, a bleak outlook in the country's main trading partners,... 2012-01-11

Recently-released data from the Department of Statistics have reaffirmed our view that Morocco's growth outlook continues to look robust entering into 2012. The figures show that real... 2012-01-05