Algeria is highly reliant on its hydrocarbon sector and vulnerable to oil-price shocks. Both the fiscal and current account deficit widened sharply in 2015 and were further exacerbated by lower oil prices, which in January plunged to their lowest level in over a decade. The effects on the domestic light vehicles market had been sharp. In addition, the Government is heavily limiting the new vehicles import licence for the 2016, aiming to push up the local production with the only result to have completely blocked the market.
Showing all 4 results