Jump to navigation

Vol 64 No 2

Published 19th January 2023

Could a cold war turn hot?

Chaos on the EU's southern flank could mean trouble as Algeria and Morocco turn up the heat and Tunisians lose patience with their never-ending crisis

High levels of oil and gas revenues meant Algeria ended 2023 with good economic results on paper, as foreign reserves rebuilt to over US$60 billion and enough money entered the state-dominated system for President Abdelmadjid Tebboune's government to buy off inflationary trouble with big subsidies and price controls. Meanwhile Morocco's more diversified economy is reopening after a prolonged Covid lockdown that officials in Rabat are anxious to say wasn't driven by the health preoccupations of King Mohammed VI (M6). In Tunisia, President Kaïs Saïed is ruling alone, but has a new deal with the IMF for a reform-orientated economic policy.

End of preview - This article contains approximately 1658 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.