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Sunday, April 30, 2017
The World Bank said in its Algeria’s Economic Outlook-April 2017 published Monday in Washington that “in 2017-2019, a modest 2.5% increase in hydro-carbon production resulting from the start of production in new oil wells and a positive correction in oil prices will mitigate the negative effect of fiscal and current account consolidation on the real non-oil sectors.”The World Bank prospects are based on the hypothesis of strong increase of 27% in oil prices in 2017.
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