Economic diversification in Algeria: the solution to restrain the economic effects of COVID-19

Received on: 31/10/2020 Accepted on:05/10/2023

Abstract

COVID-19 has disrupted several economies around the world. So, the global economy has been destabilized by this pandemic due to the cumulative effect. Then, developing countries were severely affected by the pandemic because of their economies’ fragility. Therefore, this article aims to discuss possible solutions that allow Algeria to restrain the economic effects of COVID-19. For this purpose, we opt for a descriptive analysis method of the Algerian economic situation. This article emphasizes the importance of economic diversification, especially in this crisis context. As a result, several proposals have been made as part of a long-term strategic diversification plan for the Algerian economy.