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Tunisia: BCT confirms slowdown in economic growth

The Executive Board of the Central Bank of Tunisia (BCT), which met on Monday, September 1, 2014, noted a slowdown in economic growth.

This rate reached, according to the latest data released by the National Statistics Institute (INS), 2% yoy in the second quarter of 2014, against 2.8% during the same period of the previous year, thus bringing the growth rate during the first half of the year to 2.1%.

The slowdown in growth is due mainly to the continued decline of value added in the non-manufacturing sector (-5.8% against -1.4%) and the deceleration of growth in other sectors, especially manufacturing industries (+0.1% against +4.1%) and market services (+3.8% against 4%), says the BCT.

The agriculture and fishing sector has, however, experienced some recovery (+1% against 4% in the second quarter 2013).


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