Algeria : 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria.

The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population. The authorities' response helped mitigate the social and economic impact of the crisis. Nevertheless, the crisis exacerbated the Algerian economy's vulnerabilit...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund. Middle East and Central Asia Dept
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2021.
coleção:IMF Staff Country Reports; Country Report ; No. 2021/253
Assuntos:
Acesso em linha:Full text available on IMF
Descrição
Resumo:The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population. The authorities' response helped mitigate the social and economic impact of the crisis. Nevertheless, the crisis exacerbated the Algerian economy's vulnerabilities, making even more urgent the need for a new, more inclusive and sustainable, growth model. A recovery is underway in 2021, but the outlook remains challenging. While the recent rebound in hydrocarbon prices should buoy the recovery and ease immediate financing constraints, addressing long-standing structural challenges will help to realize Algeria's vast growth potential for the benefit of its population.
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Descrição Física:1 online resource (86 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students