Algeria suffering from a financial crisis / myLot

Algeria

May 15, 2016 4:24pm CST

Algeria suffering from a financial crisis after a drop in oil prices. Today the price of a barrel of oil is $ 40. Regrettably, in the Third World is not to exploit economic prosperity. When high oil prices squander money. And then go back States directly to external indebtedness. The many areas of investment in Algeria, but ... Bad management is the biggest problem afflicting Algeria.

2 people like this

3 responses

Jennifer Daw

@Jdaw1985 (3967)

• Harrells, North Carolina

15 May 16

I did not know about this. Thanks for sharing i do not keep up with how much it is now days. I do not have regular tv so i do not hear it like i use to.

1 person likes this

Tokz

@ilocosboy (45157)

• Philippines

15 May 16

sometimes its hard to understand, its your loss but we are being benefited when crude oil price drops

louievill

@louievill (28851)

• Philippines

15 May 16

I hope your country recovers soon, i think some countries need to diversify as the world find new sources of energy