By SIMON CONSTABLE
Things are bad in Algeria, and they will likely get far worse.
Things are bad in Algeria, and they will likely get far worse.
"[...] crunch point is approaching fast," states a recent report from London-based financial analysis firm Capital Economics.
The problems stem from a multitude of factors including a weak oil price and rotten economic policies, which are both exacerbated by recent mass protests.
If things don't change soon, then expect higher inflation, skyrocketing unemployment, and the likelihood of the government running out of cash within a few years, analysts say. In other words, Algeria is heading for something close to an economic Armageddon. Read more here.
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