Macroeconomic Forecast Tunisia

February 2007 | Macroeconomic Forecasts

The current account deficit should narrow in 2007 on the back of easing oil prices which has led the trade account to deteriorate sharply. While tourism and remittances should have boosted the services and current transfers accounts, the current account is estimated to have widened to just under 3% of GDP in 2006, with the OPEC basket average reaching US$60.9/bbl, up from US$54.7/bbl in 2005. We forecast oil prices to continue to slide this year, with the OPEC basket averaging US$54.5/bbl.

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