Coronavirus: IMF expects 4.3% drop in GDP for Tunisia

USD 743 mln in aid allocated for emergency

15 April, 12:39

    (ANSAmed) - TUNIS, APRIL 15 - Tunisia will see its GDP drop by 4.3% in 2020 and technically enter an economic recession, the International Monetary Fund (IMF) said in its latest World Economic Outlook.

    The IMF noted that all oil importing countries will experience a drop in growth of -0.8% in 2020 due to the COVID-19 pandemic. The IMF noted that the Tunisian economy, which grew in 2019 by 1% will see a rise of 4.1% starting in 2021 but did not issue an outlook for the country's unemployment, which was at 14.9% in 2019. The IMF board last week approved 743 million dollars to Tunisian to deal with the COVID-19 emergency. Tunisia and the IMF agreed in late March to interrupt the sixth revision of the MEDC and adopt a new program reflecting the new economic and social policies of the government.

    (ANSAmed).

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