In a report on the draft budget 2018, published on October 12, the Tunisian Finance Ministry has revised down its growth forecasts for the year 2018.
According to this report, which quotes updated data, “the economic situation has seen positive signs in 2018, particularly in terms of improving the GDP growth rate, linked to the performance of agriculture and tourism, but also exports and FDI.”
The document, however, draws attention to the fact that “this situation still has weaknesses that negatively impact the major balances, including the rise in oil prices and the trade deficit”.
Referring to growth, the Ministry’s document highlights the rise in GDP at 2.6% in the first half of 2018, compared with 1.9% in the same period of 2017.
It then revised its forecasts down, stating that the growth rate at constant prices for the whole of 2018 is expected to stabilize at 2.6%, compared to 3% projection.