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Algeria: IMF forecasts 4 to 5 percent growth in 2010.


Summary: Algeria's Gross Domestic Product (GDP GDP (guanosine diphosphate): see guanine. ) growth is expected to reach 4 to 5 percent in 2010, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Joel Toujas-Bernate, head of the International Monetary Fund (IMF IMF

See: International Monetary Fund


IMF

See International Monetary Fund (IMF).
) mission.

Algeria's Gross Domestic Product (GDP) growth is expected to reach 4 to 5 percent in 2010, according to Joel Toujas-Bernate, head of the International Monetary Fund (IMF) mission. In 2009, GDP should be around 2 percent, while non-oil GDP is expected to wrap up the year at 9 percent, especially thanks to the agriculture sector and continued public investment, Toujas-Bernate told a news conference on Tuesday after his mission in Algiers as part of discussions between Algeria and the IMF under Article IV of the Fund's statutes. According to the IMF representative, global growth is still affected by negative performances of the hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen  sector. The Bretton Woods Bretton Woods can refer to:
  • Bretton Woods, New Hampshire
  • The United Nations Monetary and Financial Conference, more commonly known as the "Bretton Woods Conference"
  • Bretton Woods system, the international monetary system created at the conference
 institution also forecasts a revival of growth in the hydrocarbons sector in 2010 with the rise in world oil prices.AaAaAa

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Publication:UMCI News (Potomac Falls, VA)
Geographic Code:0IMF
Date:Nov 4, 2009
Words:168
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