Saturday , May 8 2021

Forecast forecast for Algeria in 2019

In its latest World Economic Outlook report, Dubai's Algeria nominal GDP should reach $ 200 billion in 2019, reaching $ 200.2 billion. The Bretton Woods Institute predicts a significant increase in nominal GDP in 2018 by Algeria in 2017. By 2017 it will be $ 187.3 billion. this year and after the increase should increase public spending. The Fund's October forecast for real GDP in 2018 was 2.5% in 2018, 1.4% in 2019 and 2.7% in 2019, "the increase in public spending should stimulate growth. This year.
The expected fiscal decline in the coming years may lead to a slowdown in the growth rate of the non-primary sector in the medium term. The IMF recalls that Algeria "has been spending on incentives to boost economic activity and is funded by financial means, and is expected to return to fiscal balancing since 2019". "Monetization of the budget deficit in Algeria In 2017 liquidity, which increases lending to the private sector as well as the public sector, has led to serious injection," a statement reads.
In this connection, the Fund manages Algeria with private investment in GDP in the region's oil-exporting countries, with its average coefficient rising from 14% to 22%. The progress in improving the business climate, including adoption of new legislation to support small and medium-sized businesses, was discussed in the IMF. At the same time, monetary financing of the economy was not an inflationary blow. The IMF maintains inflation in October by 6.5% in 2018 and 6.7% in 2019, which is below the April forecast. As with other oil exporters in the region, both in Algeria and in the recovery of crude oil prices, external and budget balances are expected.
The rise in oil prices will provide temporary export support to oil exporters in the region, but the IMF believes that reforms and fiscal adjustments should be introduced to strengthen their long-term stability. Thus, in 2018, exports will rise to $ 46.2 billion from $ 37.2 billion in 2016. Current account deficit this year is $ 16.9 billion against $ 22.9 billion. In 2019, this deficit will drop from one billion to -15.9 billion dollars. The current account deficit is expected to be 9% of GDP in 2018, which is expected to fall to 7.9% of GDP in 2019, compared to 13.2% in 2017.
The IMF estimates that the Algerian budget will have a balance of $ 105.1 in 2018 and $ 98.6 in 2019. But its external balance will be cheaper for barrels in 2018 at $ 80.3 and $ 78.9 in 2019.

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