Tunisia’s GDP growth is expected to reach 2.2% in 2023 and 2.6% in 2024, while inflation is projected to average 8% in the period 2023-2024, according to the first edition of the new report by the African Development Bank (AfDB) entitled: “Africa’s Macroeconomic Performance and Prospects,” released Thursday.
As for the growth of countries in the North African region, it is expected to stabilize at 4.3% in 2023, driven by the strong recovery expected in Libya and Morocco.
The latter could counterbalance the expected slowdown in Algeria, reveals the same report, which analyzes the outlook for the main macroeconomic indicators of African countries.
Growth estimates for North Africa posted a decline of 1.1 percentage points, from 5.4 percent in 2021 to 4.3 percent in 2022. This decline is mainly explained by the sharp contraction in Libya and the effects of the drought in Morocco, the report says.