Macroeconomic Forecast Tunisia

October 2008 | Macroeconomic Forecasts

Signs of sluggish economic growth are already appearing in the Tunisian economy. According to official figures, industrial production declined by 8.9% m-o-m in August. This may have been due to the summer holiday season, but y-o-y figures were not particularly encouraging either - manufacturing output was up by just 1.9%, while agricultural output grew 1.2%. Looking ahead, we are forecasting real GDP growth of 3.6% in 2009, down from 4.9% in 2008.

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