Tunisia and IMF expect 4% growth in 2013, a lowered forecast.
17 April 2013
Read by 1375 persons
The Tunisian government and the International Monetary Fund expect a 4% GDP growth in 2013, a forecast revised downward by half a percentage point, the Minister of Finance and an IMF representative said Tuesday.
"I think the growth rate in 2013 will be 4%. The Tunisian economy remains subject to external shocks such as the crisis in Europe and the political uncertainty (in Tunisia) which could hinder investment," said Amin Mati, IMF Deputy Director for the Middle East and Central Asia, to the press.
The Minister of Finance then indicated that the government had revised its 2013 growth forecast downward to 4%, compared to 4.5% previously.
The IMF and Tunisia announced Tuesday that they are "close to a principle agreement" on a $1.75 billion precautionary aid plan, the country's economy, despite 3.6% growth in 2012, remaining very fragile.
Undermined by political instability, repeated social conflicts and sluggish investments, Tunisian growth has remained insufficient to truly address the country's endemic problem of unemployment (approximately 17% of the active population).
However, the January 2011 revolution had been largely fueled by poverty and lack of jobs, especially for young people.
The economic situation has however greatly improved compared to 2011, when Tunisia experienced a severe recession.
Lesechos.fr
Published April 16, 2013.
Posted online April 17, 2013.
"I think the growth rate in 2013 will be 4%. The Tunisian economy remains subject to external shocks such as the crisis in Europe and the political uncertainty (in Tunisia) which could hinder investment," said Amin Mati, IMF Deputy Director for the Middle East and Central Asia, to the press.
The Minister of Finance then indicated that the government had revised its 2013 growth forecast downward to 4%, compared to 4.5% previously.
The IMF and Tunisia announced Tuesday that they are "close to a principle agreement" on a $1.75 billion precautionary aid plan, the country's economy, despite 3.6% growth in 2012, remaining very fragile.
Undermined by political instability, repeated social conflicts and sluggish investments, Tunisian growth has remained insufficient to truly address the country's endemic problem of unemployment (approximately 17% of the active population).
However, the January 2011 revolution had been largely fueled by poverty and lack of jobs, especially for young people.
The economic situation has however greatly improved compared to 2011, when Tunisia experienced a severe recession.
Lesechos.fr
Published April 16, 2013.
Posted online April 17, 2013.
