Tunisia Economic Outlook
July 2, 2019GDP growth slowed to a three-year low in the first quarter of the year on declining agricultural and industrial output, as well as a feeble external sector—which remained tepid in Q2, according to trade data up to May. However, in better news, the unemployment rate decreased to a one-and-a-half-year low in Q1. Moreover, on 12 June, the IMF signed off on a much-needed USD 245 million loan to the Tunisian government, which forms part of a four-year USD 2.9 billion support program agreed to in 2016. The Fund urged the government to continue improving the fiscal and external deficits to “overcome the otherwise unsustainable debt dynamics”. Meanwhile, two suicide bombings in Tunis on 27 June could threaten the tourism sector’s revival.
Tunisia Economic GrowthThe economy is set to slow this year as the government continues with efforts to reduce the country’s large fiscal and current account deficits, and tame rampant inflation. Low foreign reserves, high unemployment and a slowdown in Europe remain the primary downside risks to the outlook, while tourism could also suffer from political instability and security threats. FocusEconomics panelists expect GDP growth of 2.2% in 2019, which is unchanged from last month’s forecast, and 2.6% in 2020.
Tunisia Economy Data
5 years of Tunisia economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.37||0.0 %||Mar 15|
|Exchange Rate||2.89||-0.27 %||Jul 11|
|Stock Market||0.2||0.05 %||Jul 11|
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