Algeria faces an era of economic and political stagnation and concerns over its scal management as it embarks on consolidation under an ageing leader.

Economic risk (MEDIUM): The economy is likely to endure a slowdown as the government reverts to scal consolidation.

Political risk (HIGH): President Abdelaziz Boute ika’s decision to run for a fth term despite his age and ill health have raised concerns over the succession process. Protests were spreading across the country in late February 2019.

Financial risk (LOW): With its closed nancial system Algeria is largely immune to global volatility. Falling oil prices increased risks of nancial instability so a rebound has eased pressure.

Commercial risk (MEDIUM): The government has worked with the World Bank on business law reforms and Algeria has its poor ranking in the Bank’s Doing Business Report.