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 vaccination campaign accelerated. Meanwhile, global...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
|
| Schriftenreihe: | Economic Updates and Modeling
|
| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/37048 |
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| indexdate | 2025-02-20T07:20:17Z |
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| series2 | Economic Updates and Modeling |
| spellingShingle | Algeria Economic Update - Fall 2021 Restoring the Algerian Economy after the Pandemic Conflict and Development Disaster Management Economic Recovery Environment Hazard Risk Management Inequality Natural Disasters Poverty Reduction Social Development Social Risk Management Urban Development |
| title | Algeria Economic Update - Fall 2021 Restoring the Algerian Economy after the Pandemic |
| title_auth | Algeria Economic Update - Fall 2021 Restoring the Algerian Economy after the Pandemic |
| title_exact_search | Algeria Economic Update - Fall 2021 Restoring the Algerian Economy after the Pandemic |
| title_exact_search_txtP | 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_short | Algeria Economic Update - Fall 2021 |
| title_sort | algeria economic update fall 2021 restoring the algerian economy after the pandemic |
| title_sub | Restoring the Algerian Economy after the Pandemic |
| topic | Conflict and Development Disaster Management Economic Recovery Environment Hazard Risk Management Inequality Natural Disasters Poverty Reduction Social Development Social Risk Management Urban Development |
| topic_facet | Conflict and Development Disaster Management Economic Recovery Environment Hazard Risk Management Inequality Natural Disasters Poverty Reduction Social Development Social Risk Management Urban Development |
| url | https://doi.org/10.1596/37048 |