Home World News Emerging Markets Tunisia’ GDP growth pegged at 3 % for 2024-2025

Tunisia’ GDP growth pegged at 3 % for 2024-2025

Gross Domestic Product (GDP)
Gross Domestic Product (GDP)

World Bank on Wednesday predicted that Tunisia’s economy could grow 3 percent in both 2024 and 2025.

The fresh World Bank’s Global Economic Prospects report said the 3 percent growth is subject to risks created by the evolution of the drought.

The report also estimated that Tunisia’s GDP growth for 2023 at 1.2 percent, a downward revision of 1.1 percent from the June 2023 forecasts.

According to the World Bank’s Fall 2023 Economic Monitor of Tunisia in Nov 2023, Tunisia’s economic recovery slowed in the first half of 2023 as the country continued to grapple with persistent drought, external financing challenges, increasing domestic debt build-up of important public service enterprises and regulatory obstacles.

The report also forecasted a 3.5-percent GDP growth for the Middle East and North Africa region in 2024 and 2025, provided that the current conflict in the region does not escalate.

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