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Sunday 13 June 2021
HomeNewsTunisia: economic recovery in 2014, but dependent on EU and Libya

Tunisia: economic recovery in 2014, but dependent on EU and Libya

“The recovery of the Tunisian economy is expected to strengthen in 2014, assuming that the elections (scheduled for late 2013) will mark the end of the transition period) and provided that there will be recovery in the EU and Libya, which may contribute to increase the growth of the Tunisian GDP to about 5%,”the World Bank said in a recent report on Tunisia.

It believes that “the absence of a timeline/ clear political process and the worsening of political tensions and security issues related to the radical Salafist movement exacerbated political uncertainty.”

“The political climate could again become more unstable during the preparation of the elections scheduled for late 2013.

The recovery of FDI is encouraging but recent downgrades by international rating agencies reflect the uncertain outlook for the private sector and could discourage domestic and foreign investment,” it cautioned.

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