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Analysis by Region - Africa - Algeria

Publisher Oxford Economics
Published Jan 28, 2025
Length 6 Pages
SKU # OFE19593688

Description

Algeria's oil output remains below historical levels due to the country’s agreement to cut oil output within the Opec+ group. The group extended cuts through Q1 due to lower-than-expected global oil demand, but it could be even longer if the group again misses its demand forecast for the year. If Algeria's oil output returns to normal levels beyond Q1, even if only gradually, this would be positive. Nevertheless, our projection of softer Brent crude prices will likely overshadow the rise in output, weakening the current account and ultimately economic growth.

Table of Contents

6 Pages
Algeria: Extended oil output cuts to dampen economic activity
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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