As Algeria looks to curb its imports in the face of declining state revenues, speeding up development of the agriculture sector has become a pressing goal. As the country seeks to diversify away from hydrocarbons, the sector is well placed to contribute.
As Algeria looks to curb its imports in the face of declining state revenues, the agriculture sector is well placed to contribute. Output improved between 2007 and 2017 thanks to efforts to clear some of the bottlenecks that have traditionally held back the sector’s development, such as legislation, land ownership and financing. Agriculture accounts for around 13% of GDP and employs some 11%...
The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.
2017 proved a turbulent year for Qatar, dominated by the diplomatic rift that emerged between the country and several other regional states in June 2017. However, Qatar has adapted quickly, with many in the local business community confident about the future.
Stronger yields are expected in 2017 for Indonesia, which already ranks as the world’s largest producer of palm oil, accounting for 54% of global supply in 2016, according to data from the US Department of Agriculture (USDA). Revised data issued by the Indonesian Palm Oil Association (GAPKI) in March 2017 showed that CPO production in 2016...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×