ECONOMY: Rosy outlook
Oil prices averaging $65 a barrel ensured a strong performance for the Algerian economy in 2006, with GDP growth rising to 4.6 per cent from 4.3 per cent the previous year. The country is estimated to have earned more than $50,000 million in oil and gas revenues in 2006, boosting export earnings by 18.5 per cent to $45,000 million and foreign exchange reserves up to $75,000 million from $56,000 million a year earlier.
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