Algeria GDP Slows

Algeria recorded slower third-quarter growth last year despite a significantly better performance from the energy sector, as non-hydrocarbon growth slackened, the government said on Sunday, Reuters reported. Overall GDP growth was 3% in the third quarter, down from 3.5% in the same period of 2015, according to a report from the statistics office. The government expects full-year growth to reach 3.5%, compared with 3.9% in 2015. The OPEC member country’s energy sector expanded by 7.7% in the third quarter, due to a higher output in 2016 and a slight recovery in prices.