Tunisia Economic Outlook
February 6, 2018Widespread protests have driven phosphate production—a key source of revenue—to a halt in recent weeks, threatening to upend the external sector’s recent gains and derail the fragile economy. Since the 2018 budget was approved on 9 December, demonstrations have escalated as unemployed young people increasingly demand government support. Although protests have been common in recent years, current demonstrations have taken a decidedly urgent turn since the IMF-backed budget’s introduction of austerity measures and higher taxes. Last year’s protests stalled year-to-date industrial output, which most recently declined in November after previously driving economic growth in the third quarter.
Tunisia Economic GrowthRecent events notwithstanding, further recoveries are expected this year in the manufacturing and extractive sectors, which should bolster economic growth. That said, recent tax measures are expected to eat away at household spending, and recent economic jitters will bode poorly for investment and inbound tourism. FocusEconomics panelists expect GDP growth of 2.6% in 2018, unchanged from last month’s forecast, and 2.9% in 2019.
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||2.37||-0.27 %||Feb 16|
|Stock Market||0.1||0.05 %||Feb 16|
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