Algeria’s economy remains fragile

Mohamed Loukal, Governor of the bank of Algeria, considersfragile” the economic situation of the country because of “a weak economic recovery, a further slowdown in the growth of international trade, a sharp fall in commodity prices” and unfavorable foreign exchange. For the time being, the situation would be mainly under control thanks to the high level of public spending which has significantly increased the budget deficit and deteriorated the country’s trade balance.