On November 1, Algerians voted in a referendum for a series of constitutional amendments proposed by the government. The referendum was a nonevent because of the low participation level. This came at a time when the population had been demanding a political transition in Algeria, through a popular protest movement, the Hirak, that began in February 2019.
The analysis of demographics in some countries, often forgotten in many studies, raises the issue of both development and national security. Because without sustainable development, it eventually could constitute a real social time-bomb. Algeria’s challenges facing its population pressure getting more acute every year will have to be addressed and at the earliest. Whilst the […]
In its well-known IMF Country Focus blog, it holds that Egypt’s economy is recovering, supported by prudent macroeconomic policies and initial bold reforms aimed at addressing the major challenges that have confronted the economy in recent years. The task now is to deepen reforms to raise economic growth further, make it last, and spread its benefits […]
The global economic recovery that has started mid-2016 is gaining momentum with growth accelerating according to a report by the International Monetary Fund (IMF) published with however a warning that this 2017 global recovery is incomplete with MENA’s share modest.
Growth in the MENA countries dropped from 5.1% to 2.2% so far in 2017 but is anticipated to get back to 3.2% in 2018.
Political unrest was found to be still hampering and / or delaying economic recovery generally, but more specifically in the MENA region where different tensions subsist in several of its countries.
Nevertheless, Djibouti has the highest growth in 2017 with 7%, followed in this order by Morocco, Egypt, Mauritania, and Sudan and Kuwait.
Yemen, Syria, Iraq would obviously be going through recession because of either their on-going political tension or unrest. The effect of oil prices’ drop would be affecting all hydrocarbons exports related economies of the Gulf and North Africa with budgetary restrictions. With money oversupply in these latter countries, inflation is bound to reach unforeseen heights but is nonetheless forecast to generally reach an estimated 7.1%.
Creating three million jobs would require a growth rate between 2017 and 2020 of a minimum of 7 to 8% minimum. The results of the bodies responsible for employment of the ANDI, the ANSEJ as much as of the NACC, are mixed despite their many allowed benefits. This is the New Government vs. social and budgetary tensions dilemma that the country’s newly appointed Prime Minister has to face up to within the remaining time of the president’s mandate.
However, the growth rate is relatively low in reference to public spending of 3% on average between 2000 and 2016. According to the ONS, quoted by APS, in April 2017, the employed population was estimated at 10.769 million against 10.845 million people in September 2016, registering a negative balance of the 76,000 people where six unemployed on ten on average are long-term unemployed.
A brilliantly educational article of Brad Keywell with our compliments shed some light of what awaiting us in the near future. This is positively a world where Human Brilliance, Ingenuity and Skills will always be needed. The Fourth Industrial Revolution is about empowering people, not the rise of the machines 14 Jun 2017 The world […]