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Wednesday 21 October 2020
Home News Tunisia: GDP expected to contract by 7% in 2020 (IMF)

Tunisia: GDP expected to contract by 7% in 2020 (IMF)

The International Monetary Fund (IMF) has revised its growth projections for Tunisia compared to those of last April, in its new World Economic Outlook Report released Tuesday, October 13.

It estimated that the Tunisian economy should contract by 7% in 2020 under the weight of the repercussions of the coronavirus crisis, against a recession of 4.3% announced last April.

Nevertheless, the IMF reports a recovery of the Tunisian economy in 2021. The monetary institution therefore forecasts positive growth of 4%.

With regard to inflation, the IMF estimates that it would be 5.8 percent in 2020, from 6.7 percent in 2019, and 5.3 percent in 2021.

The current account deficit is expected to be 8.3% of GDP at the end of this year, rising to 8.7% in 2021.

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