Economy

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An increase in global commodity prices and production in the domestic mining industry, coupled with improved performance in the non-extractive sector, helped Papua New Guinea record modest growth in 2017, as the government continued to expand on plans to diversify the economy.

Chapter | Table of Contents from The Report: Algeria 2017

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Under the constitution Algeria is a presidential republic. The head of state is the president, who is elected for five-year terms. A rule limiting presidents to two consecutive terms in power was abolished by constitutional amendments passed in 2008, but reintroduced in 2016. However the detail of the reinstatement effectively allows the...

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LANGUAGE: Modern Standard Arabic is used in schools, government offices and the media. In practice, Darja, the local Algerian dialect of Arabic, is more commonly used and varies from one region to another. French is frequently spoken in business, though this is less true outside Algeria’s main urban...

 

The oil price-induced economic difficulties facing Algeria may prove to be a double-edged sword: although the added pressures are certain to slow the rate of improvement in living standards and have already begun to strain public finances, the new circumstances also provide a pressing incentive for the country to slowly wean itself off its...

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