Algeria’s GDP growth likely to rise to 4% in 2014

Algeria’s GDP growth is forecast to reach 4% in 2014 against 2.8% in 2013, said Wednesday the Head of the International Monetary Fund mission in Algiers Zeine Zeidane.
"The economic activity has strengthened in 2014 and the real GDP growth is expected to rise to 4% against 2.8% in 2013," Zeidane told a news conference held at the end of his consultation mission in Algeria.
IMF representative has also noted continuous decreasing trend of inflation which should stand under 2%, thanks to a "tightening monetary policy."
Moreover, the budgetary deficit is expected to deepen in 2014 to 6% due to lower oil revenues and the maintaining of the high level of expenses, he said while commending the "rationalization of public expenditure."