Tunisia Economic Outlook
October 30, 2018Strong tourism and a good performance from the agricultural sector likely buttressed growth in Q3, although the large trade deficit remains a key source of concern. Despite having unlocked loans worth USD 747 million from the IMF and the World Bank in recent weeks, on 8 October Moody’s downgraded Tunisia’s outlook to negative, citing the country’s rapidly depleting foreign exchange reserves. In October, the government issued USD 570 million of sovereign bonds, and presented a fairly expansionary draft 2019 budget with one eye on next year’s elections.
Tunisia Economic GrowthThe revival of the tourism industry, as well as a rebound in mining and quarrying output, should support growth in 2019 and 2020. High fiscal and trade deficits remain key downside risks, as well as elevated unemployment—notably among the youth—which could provoke labor strikes, unrest and fuel political instability. Met the why particular panelists expect GDP growth of 2.6% in 2019, up 0.1 percentage points from last month’s forecast, and 3.2% in 2020.
Tunisia Economy Data
5 years of Tunisia economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.97||0.0 %||Mar 15|
|Exchange Rate||2.91||-0.27 %||Nov 09|
|Stock Market||0.1||0.05 %||Nov 08|
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