Tunisia Economic Outlook
May 12, 2020
The economic panorama was bleak in the first quarter of the year, as the coronavirus pandemic significantly impaired economic activity. Domestically, containment measures will have restrained private consumption and investment flows, while slumping foreign demand will have extinguished exports in the quarter, with tourism and related services particularly hard hit. As a consequence, the IMF approved a USD 745 million disbursement on 10 April to address urgent funding requirements. More recently, a three-stage plan to ease lockdown conditions began on 4 May, although business activity looks set to remain suppressed through Q2 nonetheless. Meanwhile, Moody’s placed its B2 rating on review for downgrade on 17 April, due to increasing concerns over the government’s ability to finance its burgeoning debt burden.Tunisia Economic Growth
Economic activity is expected to contract this year, as restrained household spending and reduced investment more than outweigh higher government spending. The full impact of the pandemic on the external sector—through decreased tourism levels and lower exports—remains the key risk to the outlook. FocusEconomics panelists foresee GDP contracting 2.5% in 2020, which is down 3.1 percentage points from last month’s forecast, before expanding 2.9% in 2021.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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