Tunisia Economic Outlook
March 5, 2019The economy slowed in the last quarter of 2018 on a broad-based contraction in the industrial sector, owing to a sharp decline in oil production, as well as lower phosphate and manufacturing output. Service sector activity also softened slightly; agricultural sector growth, however, remained upbeat. On 7 February, after weeks of large-scale strikes, the government agreed to raise wages for 670,000 public workers. This directly contradicted the IMF’s recommendations, prompting the institution to indefinitely delay its planned visit to unlock a vital USD 225 million loan tranche.
Tunisia Economic GrowthTunisia’s prospects are riddled with challenges this year. The country’s main vulnerabilities—namely, large fiscal and current account deficits coupled with dangerously low foreign reserves—are notably compounded by political instability and unrest, fueled by high unemployment and inflation. Met the why particular panelists expect GDP growth of 2.5% in 2019, which is unchanged from last month’s forecast, and 2.7% in 2020.
Tunisia Economy Data
5 years of Tunisia economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||7.16||0.0 %||Dec 15|
|Exchange Rate||3.02||-0.27 %||Mar 11|
|Stock Market||0.1||0.05 %||Mar 06|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.