Country Wrap-up : Algeria

Highly dependent on hydrocarbon s , the Algerian growth model relies on the distribution of its oil&gas wealth trough a large public sector. The reforms set in place in 20 16 aiming to achieve some fiscal adjustment were abandoned last year when the authorities adopted an expansionary budget t o face the economic slowdown, rising unemployment and financing difficulties. GDP slowed sharply between 2014 and 2017 (1.6%) and is expected to recover to 2.8% in 2018. Early February it was announced that President Abdelaziz Bouteflika will run for a 5 th mandate on the upcoming April 18 th presidential elections.