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Friday 18 June 2021
HomeNewsTunisia: economic growth projected to contract 8% in 2020 (EBRD)

Tunisia: economic growth projected to contract 8% in 2020 (EBRD)

Tunisia’s GDP is expected to contract by 8% in 2020, before picking up to 4% in 2021, according to the Regional Economic Prospects in the European Bank for Reconstruction and Development (EBRD) regions, published Thursday.

Previous forecasts published in May 2020 projected negative growth for Tunisia of -2.5% in 2020, before rising to 2.5% in 2021.
 
The European Bank for Reconstruction and Development (EBRD) has wound back forecasts for the emerging economies where it invests, after measures to contain the impact of the coronavirus lasted for longer than previously anticipated.

The EBRD is now forecasting an overall contraction across its economies of 3.9 per cent this year, and a return to growth next year of 3.6 percent.

The previous forecasts published in May had projected a 2020 decline of 3.5 per cent and a stronger recovery of 4.8 per cent in 2021.

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