Leather sector suffers
27/08/2007
An over-reliance on public sector enterprises, and a large drop in performance in sectors such as leather are the main reason why Algeria’s economic growth remains fragile, analysts have claimed.
A new study into the north African country’s economy has pointed out that a large increase in public spending has failed to boost flagging industrial output, with manufacturing industries suffering the most.
The study singled out leather as one of the worst affected sectors, with a 19.3% annual decline in 2005 and a further drop of 15.9% last year.
