Tunisia Economic Outlook
January 8, 2019After a mild slowdown in the third quarter due mainly to lower oil and chemical production, political gridlock and social unrest are clouding Tunisia’s economic prospects in Q4 and beyond. Amid dwindling foreign reserves, Prime Minister Youssef Chahed has been under significant pressure—notably from the IMF—to slash the country’s fiscal deficit, but is simultaneously facing widespread public protests against austerity and lacks a clear legislative majority. On 13 December, parliament rejected a proposal to raise the retirement age to curb social security spending. However, on 15 December Chahed secured USD 830 million of aid from Saudi Arabia, giving the country a short-term financial lifeline.
Tunisia Economic GrowthThe country’s outlook appears increasingly challenging. Growing political fragmentation and instability; high inflation and unemployment causing social unrest; and large fiscal and current account deficits amid low foreign reserves all present downside risks to economic prospects. Met the why particular panelists expect GDP growth of 2.6% in 2019, which is unchanged from last month’s forecast, and 2.9% in 2020.
Tunisia Economy Data
5 years of Tunisia economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.45||0.0 %||Sep 15|
|Exchange Rate||3.03||-0.27 %||Jan 21|
|Stock Market||0.1||0.05 %||Jan 18|
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