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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Tunisia, IMF forecasts 3% growth in 2015

Monday, March 02, 2015 > 11:02:55
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(ANSA Med)

The growth rate in Tunisia will reach 3% in 2015, an increase with the respect to the 2.4% of 2014, IMF representative to Tunisia, Giorgia Albertin, announced during the presentation of the report on regional financial prospects, referring to the latest Fund showings for February. According to IMF estimates, inflation will rise 5% in 2015 in Tunisia (it was 4.9% in 2014) and the current account deficit will improve reaching a -6.6% of the GDP (it stood at -8.9% last year). The global deficit will instead increase reaching -5.3% of the GDP.

The IMF stressed that the decline of oil prices in international markets could represent an opportunity for Tunisia, a real chance to improve its public deficit as most calculations were made on the basis of estimates of oil prices at 95 dollars a barrel, whereas oil currently stands at around 50 dollars a barrel. Tunisia has yet to reap the benefits of this situation, noted the governor of the Tunisian central bank, Chedly Ayari, however the first effects of these changed circumstances may be evident starting from the trade balance of May-June, considering that Tunisia, just like any other country, buys oil at rates fixed six months prior, explained economist Radhi Meddeb.(ANSAmed).


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