Tunisia Economic Monitor, Fall 2020 : Rebuilding the Potential of Tunisian Firms
Tunisia is expecting a sharper decline in growth than most of its regional peers, having entered the COVID-19 (coronavirus) crisis whilst already experiencing slow growth and rising debt levels. After an expected 9.2 percent contraction in 2020, gr...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/194331608565600726/Tunisia-Economic-Monitor-Rebuilding-the-Potential-of-Tunisian-Firms-Fall-2020 http://hdl.handle.net/10986/34975 |
| Summary: | Tunisia is expecting a sharper decline
in growth than most of its regional peers, having entered
the COVID-19 (coronavirus) crisis whilst already
experiencing slow growth and rising debt levels. After an
expected 9.2 percent contraction in 2020, growth is
temporarily expected to accelerate to 5.8 percent in 2021 as
the pandemic’s effects begin to abate, before returning to a
more subdued growth trajectory at around 2 percent by 2022,
reflecting pre-existing structural weaknesses. With this,
some of the past gains in job creation and poverty reduction
will be lost as unemployment edges up and the share of the
population vulnerable to falling into poverty increases. In
this difficult context, restoring the credibility of the
macroeconomic framework is a critical next step for Tunisia
to successfully navigate its way through this crisis and lay
the foundation for a more durable recovery in growth. The
special focus in this edition of the Tunisia Economic
Monitor draws on the recently published enterprise survey
for Tunisia to discuss the latest evidence on firm
performance and present priorities for a growing and more
productive private sector. |
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