November 9, 2017 / 11:13 AM / 3 years ago

Algeria sees GDP growth at 4 pct in 2018 vs 2.2 pct this year -document

The port of Algiers is seen in Algiers, February 19, 2015. REUTERS/Amr Abdallah Dalsh

ALGIERS (Reuters) - OPEC member Algeria expects its economy to grow by 4 percent in 2018 compared with a 2.2 percent growth forecast for this year, the government said in a document seen by Reuters.

The government also anticipates inflation reaching 5.5 percent next year, unchanged from its projection for 2017, according to the document, part of the draft budget for 2018.

It sees foreign exchange reserves falling further to $84.6 billion in 2018 from $97 billion by the end of this year.

Reporting by Hamid Ould Ahmed; Editing by Ulf Laessing/Mark Heinrich

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