Tunisia’s growth rate is expected to be around 2.3% in 2023 against 2.2% in the Middle East and North Africa (MENA) region, the World Bank said in its latest Global Economic Prospects report. This rate will edge up to 3% in 2024 and is expected to keep the same level in 2025, the report further reads. Tunisia’s growth rate was revised down by 1% in 2023 and 0.6 % in 2024. In Tunisia, adverse terms of trade shocks, slow reform progress and policy uncertainty held back activity in late 2022,” the WB said. The WB analysis as regards the 2022 growth rate failed to take into account the impact of the war in Ukraine on all sectors and the ongoing repercussions of the COVID-19 pandemic. ‘As a result, Tunisia is one of few economies in the region whose output is still below pre-pandemic levels,’ the bank said. Meanwhile, the report shows that Tunisia’s output growth in 2022 exceeded other countries,’ including Morocco (1.1%), Jordan (2.5%) and Libya (-1.2%). Growth in oil-exporting countries in the MENA region is expected to slow to 2% in 2023. Oil importers are still facing domestic difficulties and their growth rate is expected to edge down to 3.4 % in 2023 (down 0.7% on January). Global growth is projected to slow to 2.1% in 2023 against 3.1% in 2022.
Source: Agence Tunis Afrique Presse