More articles :

                       click here

  Review of the papers
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

IMF forecasts 3.3% growth rate for Algeria in 2013

WASHINGTON- The International Monetary Fund predicts relatively favorable macro-economic indicators for Algeria by pegging a 3.3% growth rate forecast in 2013.

However it warns MENA oil exporting countries against the impacts of any reversal of the situation in the oil market.

In its World Economic Outlook published Tuesday on the eve of its spring meeting scheduled from 19 to 21 April in Washington, IMF said that Algeria GDP growth is to increase from 2.5% in 2012 to 3.3% in 2013 and to 3.4% in 2014.

Moreover, Bretton Woods Institution added that the country’s current account balance is planned to remain positive to stand at 6.1% of GDP in 2013, but will drop to 4.5% in 2014, against 5.9% in 2012.

About employment, IMF noted that Algeria unemployment rate will move downwards from 9.7% in 2012, to 9.3% in 2013 before decreasing to 9% in 2014.

Concerning the inflation, the Fund predicts a decline from 8.9% in 2012 down to 5% in 2013 and to 4.5% in 2014.

Globally, the IMF revised slightly downwards the growth rate by predicting a rise of a global GDP of 3.3% in 2013 (-0.2 compared to January forecasts) and 4% in 2013 (-0.1 point).

In sub-Saharan Africa, growth will remain among the highest worldwide with a GDP growth of 5.6% in 2013 and 6.1% in 2014 against 4.8% in 2012.

The four highest rates of growth in this part of Africa are those of Mozambique (8.4% in 2013), followed by the Democratic Republic of Congo (8.3%), the Ivory Coast (8%) and Nigeria (7.2%).

(APS) Tuesday 16 April 2013

© 2013 ANDI   |   01 rue kaddour rahim, Hussein Dey  (Alger).  |  Tél : 021 77-48-02 - 021 77-48-11                                                Plan du site