Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic
Algeria is enjoying temporarily breathing space, as hydrocarbon prices reach new highs and the Coronavirus (COVID-19) pandemic eases. After peaking during the summer, the number of daily Coronavirus (COVID-19) cases plummeted in the Fall, while the...
| Format: | Report |
|---|---|
| Language: | French French |
| Published: |
Washington, DC: World Bank
2022
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/667961640162288726/Algeria-Economic-Monitor-Restoring-the-Algerian-Economy-after-the-Pandemic http://hdl.handle.net/10986/37048 |
| id |
okr-10986-37048 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-370482022-09-20T00:08:44Z Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic EMERGENCY RESPONSE MULTIDIMENSIONAL POVERTY INDEX RAPID POPULATION GROWTH ECONOMIC RECOVERY OIL AND GAS NATIONAL PENSION FUND Algeria is enjoying temporarily breathing space, as hydrocarbon prices reach new highs and the Coronavirus (COVID-19) pandemic eases. After peaking during the summer, the number of daily Coronavirus (COVID-19) cases plummeted in the Fall, while the vaccination campaign accelerated. Meanwhile, global oil and gas prices are reaching levels unseen since before the 2014 oil crisis, allowing for a gradual recovery in crude oil production quotas, and a surge in natural gas production and exports. Surging hydrocarbon exports revenues are contributing to a marked decline in external financing needs and to the short-term stabilization in growing domestic financing needs. Meanwhile, the economic recovery in non-hydrocarbon sectors lost steam, remaining largely incomplete, while inflationary risks are materializing. Absent decisive implementation of the reform agenda, the economic outlook points to a fragile recovery, and to deteriorating fiscal and external balances in the medium-term. Algeria’s intact dependance on hydrocarbon revenues, the spread of new Coronavirus (COVID-19) variants and the pace of the announced reform effort remain the key sources of risks to the outlook. 2022-03-01T22:39:45Z 2022-03-01T22:39:45Z 2021-12-23 http://documents.worldbank.org/curated/en/667961640162288726/Algeria-Economic-Monitor-Restoring-the-Algerian-Economy-after-the-Pandemic http://hdl.handle.net/10986/37048 French fr CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research Middle East and North Africa Algeria |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
French French |
| topic |
EMERGENCY RESPONSE MULTIDIMENSIONAL POVERTY INDEX RAPID POPULATION GROWTH ECONOMIC RECOVERY OIL AND GAS NATIONAL PENSION FUND |
| spellingShingle |
EMERGENCY RESPONSE MULTIDIMENSIONAL POVERTY INDEX RAPID POPULATION GROWTH ECONOMIC RECOVERY OIL AND GAS NATIONAL PENSION FUND Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic |
| geographic_facet |
Middle East and North Africa Algeria |
| description |
Algeria is enjoying temporarily
breathing space, as hydrocarbon prices reach new highs and
the Coronavirus (COVID-19) pandemic eases. After peaking
during the summer, the number of daily Coronavirus
(COVID-19) cases plummeted in the Fall, while the
vaccination campaign accelerated. Meanwhile, global oil and
gas prices are reaching levels unseen since before the 2014
oil crisis, allowing for a gradual recovery in crude oil
production quotas, and a surge in natural gas production and
exports. Surging hydrocarbon exports revenues are
contributing to a marked decline in external financing needs
and to the short-term stabilization in growing domestic
financing needs. Meanwhile, the economic recovery in
non-hydrocarbon sectors lost steam, remaining largely
incomplete, while inflationary risks are materializing.
Absent decisive implementation of the reform agenda, the
economic outlook points to a fragile recovery, and to
deteriorating fiscal and external balances in the
medium-term. Algeria’s intact dependance on
hydrocarbon revenues, the spread of new Coronavirus
(COVID-19) variants and the pace of the announced reform
effort remain the key sources of risks to the outlook. |
| format |
Report |
| title |
Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic |
| title_short |
Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic |
| title_full |
Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic |
| title_fullStr |
Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic |
| title_full_unstemmed |
Algeria Economic Update - Fall 2021 : Restoring the Algerian Economy after the Pandemic |
| title_sort |
algeria economic update - fall 2021 : restoring the algerian economy after the pandemic |
| publisher |
Washington, DC: World Bank |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/667961640162288726/Algeria-Economic-Monitor-Restoring-the-Algerian-Economy-after-the-Pandemic http://hdl.handle.net/10986/37048 |
| _version_ |
1764486504435941376 |