World Bank raises Algeria’s growth forecasts for 2019-2020 economy



World Bank raises Algeria’s growth forecasts for 2019-2020 economy

The World Bank has raised its growth forecasts for the Algerian economy in 2019 and 2020, according to the updated forecasts of this international financial institution which was published on Tuesday in Washington. The World Bank expects a 2.3% growth rate in 2019 against 2% in the previous report on the World Economic Outlook, published last June, i.e. a 0.3% rise. The updated forecasts for 2019 remain, however, slightly low compared to those of 2018, where Algeria’s gross domestic product increased by 2.5%, according to the World Bank. This slight drop is mainly due to the progressive fall in public expenditure, said the World Bank.


مصدر: ABBC Business

شاهد أيضا