Economy / Algeria
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Short-Term Strength, Long-Term Weakness
February 2006 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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High oil prices, and consequent revenue windfalls, present the governments of oil-exporting economies with a valuable opportunity to pay off public debt, invest in infrastructure and kick-start economic activity with expansionary government spending. However, if not managed wisely, high oil prices can have a negative impact on long-term growth prospects. For this reason, our short-term economic rating for all major oil-producing states is significantly higher than the structural (long-term) rating. Algeria scores a very healthy 81.0 in the short term, and a relatively respectable but much lower 64.5 in the long