2023-05-09 19:10:38
According to the World Bank’s latest report, “Changing Fates: The Long-Term Effects of Higher Prices and Food Insecurity in the region MENA”, Morocco, Algeria and Tunisia are showing a certain resilience in the face of a difficult economic context. But behind the figures, always to be taken with a grain of salt, hides a complex reality.
Algeria driven by oil
In Algeria, macroeconomic indicators are in the green. Activity is driven by the return of oil production To pre-pandemic levels, by the steady recovery of the service sector and by stronger agricultural activity. According to IMF estimates, “real GDP will grow by 2.3% in 2023, boosting the increase in non-hydrocarbon (+3.1%) and hydrocarbon (+0.5%) production”. Then “economic growth would moderate to 1.8% in 2024.
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#Morocco #Algeria #Tunisia #highest #GDP #Young #Africa