Macroeconomic Forecast Tunisia

We anticipate a decline in Tunisia's current account deficit over the next year, as its decision to increase the flexibility of the dinar will boost competitiveness and underscore the country's export performance. Although the the ending of the Multifibre Arrangement will affect exports of Tunisian textiles to Europe and weaken the trade balance, we forecast increased services inflows - notably in tourism - will help keep the external current account deficit well within easy financing range at 2.7% of GDP this year, and slightly lower next year.

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