Tunisia Economic Outlook
January 11, 2022
Growth likely picked up somewhat in Q4 amid a much lower Covid-19 incidence, but remained muted nonetheless. Spending will have been hit by high inflation and unemployment, and the external sector likely suffered from global supply bottlenecks and the lingering effects of the pandemic, with real exports falling slightly year-on-year in October and tourist receipts still far below pre-pandemic levels. Political uncertainty following July’s coup will have also weighed on activity. Nonetheless, stability could improve going forward following the president’s announcement of a constitutional referendum and legislative elections, slated for July and December 2022, respectively. On the fiscal front, Algeria recently pledged a USD 300 million loan, although clinching an IMF deal will be the key to overcoming the current fiscal crisis.Tunisia Economic Growth
Growth should pick up somewhat this year, as looser restrictions at home aid domestic demand and tourism recovers. However, risks are mainly tilted to the downside, and include a looming fiscal crisis, further political upheaval and the Omicron variant. Securing an IMF deal will be key to underpinning investor confidence and supporting the recovery. FocusEconomics panelists foresee GDP growing 3.8% in 2022, which is up 0.2 percentage points from last month’s forecast, and expanding 3.6% in 2023.Tunisia Economy Data
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Tunisia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.45 | 0.0 % | Sep 15 |
| Exchange Rate | 2.78 | -0.27 % | Jan 01 |
| Stock Market | 0.2 | 0.05 % | Jan 07 |
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