Economics Affairs

Optimistic WB foresees strong growth upturn for Algeria in 2018

APS - 10 January 2018

WASHINGTON (U.S.A)- The World Bank (WB) published Tuesday, Algeria’s economic growth forecasts for 2018 and 2019, a rebound that will be supported by the government’s new budgetary measures.

According to the Bretton Woods’ biannual report on global economic forecasts published in Washington, Algeria’s GDP growth should reach 3.6% in 2018 against 1% anticipated in its previous edition of June 2017, an increase of 2.6 points.

The WB also adjusted upward its growth forecast for 2018 to 2.2% against 1.8% initially anticipated, a difference of 0.4 points.