Tunisia: central Bank, economy slows down in first quarter

Exports decrease, imports increase, tourism recovers

25 April, 18:17

(ANSAmed) - TUNIS, APRIL 25 - Tunisian economy slowed down in this year's first quarter; according to the a survey carried out by the Central Bank, there was a decrease in consumption of high and medium voltage power (the voltage used by industrial consumers). The scenario is made even gloomier by a slowdown in the export growth rate, which this year totals +9.1% over last year's +10.3%. Imports continued to increase at a faster rate, while exports decreased, especially in the mechanical and electric sector (-11.9%) and in the textile and clothing and leather and shoes industry (-29.6%), with a simultaneous net decrease in foreign demand. On the contrary, the tourism sector is recovering. The deficit of current orders increased to 1,624 mln dinars, that is, 2.3% of the Gross domestic product (it totalled 1.5% in 2011), with a broadening of the trade gap totalling 1,066 mln dinars. In the January-march period, inflation totalled +5.4%.(ANSAmed).

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