Tunisia to see growth after year-end vote, EBRD

Institute releases outlook for Med region

09 May, 12:17

    (ANSAmed) - TUNIS, MAY 9 - Tunisia can expect to see somewhat stronger economic growth in 2019, to 2.7%, the European Bank for Reconstruction and Development said in its latest economic outlook for the southern and eastern Mediterranean for 2019-2020.

    It noted that the country was ''held back by the delay in the implementation of structural reforms, primarily due to political uncertainty ahead of elections later in 2019''.

    It added, however, that: ''In 2020, once the elections are over, the EBRD expects a recovery in foreign investor confidence in Tunisia's reform momentum which should result in a significant improvement in both domestic and foreign investment and push growth to above 4.0 per cent.'' It also said that Economic growth in Tunisia had ''accelerated to 2.5 per cent in 2018, the fastest growth since 2012, benefitting from an upturn in agriculture on the back of favourable weather conditions and input from the tourism and banking sectors''.

    EBRD noted that tourism continued to grow in most of the countries in the region, while Tunisia's competitiveness had risen due to a devaluation of the currency. Reforms in Egypt, meanwhile, enabled the country to see higher growth rates than it had in a decade. (ANSAmed).

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