01911cas a2200241 a 4500 AALejournalIMF017689 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484302668 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Algeria : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (65 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2017 Article IV Consultation highlights Algeria's continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.8 percent in 2015 to 6.4 percent in 2016 and stood at 7.7 percent year over year in February 2017. Unemployment was 10.5 percent in September 2016 and remains particularly high among youth (26.7 percent) and women (20.0 percent). Despite fiscal consolidation in 2016, the fiscal and current account deficits remained large, and public debt increased, reflecting in part the assumption of government-guaranteed debt. International reserves, while still ample, have declined rapidly. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/141 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/141/002.2017.issue-141-en.xml IMF e-Library