Algeria Set For Significant Economic Slowdown In 2024
Country Risk / Algeria / Tue 30 Jan, 2024
Key View
- We expect that Algeria's economic growth will decelerate from 2.9% in 2023 to 1.3% in 2024. Our forecast is below the government's growth target of 4.2% and the 5-year pre-Covid average of 2.1%.
- Algeria's net exports will be the main drag on growth due to declining hydrocarbon production and easing import restrictions on various