Outlook: Economic activity in the Middle East and North Africa is forecast to recover modestly to 2.1% in 2021, reflecting the lasting damage from the pandemic and low oil prices.
The recovery is contingent on containment of the pandemic, stabilizing oil prices, no further escalation of geopolitical tensions, and the assumption of a vaccine rollout in the second half of the year.
By 2022, after two years of expected recovery, output is still about 8% below the output projected prior to the pandemic, with a larger impact on oil importers than exporters.
This is what the World Bank estimates in a document entitled “World Economic Outlook” published in January 2021.
In the same document, the World Bank estimates the growth rate Tunisia will have achieved by the end of 2020 will be negative by -9.1%.
For 2021, Tunisia’s growth rate is estimated at 5.8% and it should however fall to only 2% for the year 2022.
