Policy uncertainties amid limited structural reforms are expected to reduce Tunisia’s growth to 2.3 percent in 2023. In 2024, growth should reach 3%, the World Bank said in its Global Economic Prospects report published Tuesday.

For Tunisia, the WB has maintained the same growth rates published in its report entitled “Disrupted Altered Destinies: The Long-Term Effects of Rising Prices and Food Insecurity in the Middle East and North Africa,» published last April.

Growth in the MENA region is expected to slow to 2.2% in 2023, with downward revisions to the January projections for both oil-exporting and oil-importing countries.

However, the bank said output should rebound to 3.3% in 2024 as inflation and global turbulence abate and oil production increases.

“Oil-importing economies continue to be plagued by domestic difficulties and growth is therefore expected to slow to 3.4% in 2023, 0.7 percentage points lower than in January.

These economies remain vulnerable to significant changes in market sentiment, given their higher levels of public debt and more limited foreign exchange reserves”.

Source: Agence Tunis Afrique Presse