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... about an inflationary trend while growth rate is still unreal since it relies on oil receipts and much less on agricultural sector improvement, so Algeria’s growth factors are unstable thus they can back-pedal the country unless this prosperity is capitalized to upturn definitely the economic equation. Breton Woods institutions stressed on the fringes of a press meeting the necessity to lie in wait as wages rise decision intervenes in a transitory phase. Moreover, World Bank and IMF experts consider that the guaranteed minimum wage rising up to 4000 Dinars from 2003 to 2006 will not lead to back up purchasing power for many reasons namely public authorities reliance on oil receipts to take such a decision. They further warn from the unreal growth the Algerian economy is noticing as sectors out of hydrocarbons have a slow growth pace especially the industry sector; on this ground the international institutions recommend structural reforms implementation speeding up at the forefront the so-called second generation reforms as well as privatization process. | ||||||||||||||||||
Wages rise and Algeria’s expenditure policies may lead to inflation