Algeria Petrochemicals Report Q4 2013 - New Report Available
BMI is upbeat about the prospects for growth in the Algerian petrochemicals market in the context of rising, yet not spectacular, economic growth. We forecast real GDP growth in Algeria of 3.5% and 4.8% in 2013 and 2014, respectively, up from 2.2% in 2012. Growth in private consumption and fixed investment will slow this year. Given slack projected petroleum production growth and the lack of structural reforms, the economy will grow below potential over the medium term. Yet, industry should...
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