Tunisia- IMF Expects Economic Growth of 2.4%

  • 6/14/2018
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The International Monetary Fund (IMF) presented optimistic outlooks on the Tunisian economy on the level of economic growth and direct foreign investments. Growth is expected to reach 2.4 percent in 2018, helped by a good agricultural season and a pickup in manufacturing and tourism. The unemployment rate remains at 15 percent, especially affecting the youth, women, and the population of the interior regions. IMF presented optimistic forecasts regarding the inflation, in which it noted that it will settle at 6.5 percent during the current year and 5.9 percent during 2019. The National Institute of Statistics affirmed that inflation was estimated at 7.7 percent in May – direct foreign investments are anticipated to rise and represent 2.5 percent in 2019 knowing that they represent 2 percent of the GDP in the current year. Tunisian Economic and Financial Analyst Saad Bou Makhla said that IMF is observing the developments in Tunisia and waiting for the implementation of economic reforms, which were promised by the Tunisian government. Bou Makhla added that a number of economic sectors have recovered such as the tourism sector and Tunisian exports have returned to a reasonable average – affirming that some Tunisian economy drivers have started to operate and they indicate that economic revival in Tunisia has started. In a related matter, Tunisian Central Bank governor Marwan Abbasi said that IMF approved to grant Tunisia end of this month a USD500 million loan and it will be allocated by Tunisia to support budget resources.

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