Tunisia’s GDP growth slows to 2.4% y/y in Q3 2013

By bne IntelliNews November 19, 2013

Tunisia's real GDP growth cooled to 2.4% y/y in the third quarter of the year from 3.2% in Q2, the statistics office INS said in a flash statement on November 19 without disclosing further details. The INS will likely issue a detailed breakdown soon. Tunisia’s GDP growth averaged 2.8% in the first three quarters of 2013, the INS said. The Q3 GDP reading is below the 2.7% y/y estimate announced by central bank governor Chedly Ayari earlier in October.

Political and security developments in Tunisia will continue to weigh on the economic outlook and the pace of fiscal, financial, and structural reforms, according to the IMF. Tunisia’s GDP growth will slow to 3.0% in 2013 from 3.6% the year before, the IMF said in its October World Economic Outlook. The EBRD also recently revised down its 2013 GDP growth forecast for Tunisia to 3.2% from its previous projection of 3.8% in May.

The economic activity will likely not recover before 2015 as the transition period has taken much longer time, according to central banker Ayari. 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Lebanon becomes European Bank for Reconstruction and Development shareholder

Lebanon has become the fifth member country from the Southern and Eastern Mediterranean (SEMED) region to join the European Bank for Reconstruction and Development (EBRD), becoming a shareholder with ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

US lifts laptop ban on Turkish Airlines flights as of July 5

Passengers boarding an early morning July 5 Turkish Airlines (THY) flight to John F Kennedy International Airport in New York were allowed to include laptops and electronic devices larger than a ... more

Most Read

  1. Siemens considers quitting Russia
    7 days ago
  2. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    7 days ago
  3. Turkey sends frigates, submarine as row mounts over Greek Cypriot oil, gas drilling
    7 days ago
  4. Nato still has a mixed reception in Emerging Europe
    7 days ago
  5. Wildfires hit Croatia and Montenegro’s Adriatic coast
    3 days ago
  1. CHINA RISING: When sleeping giants meet
    10 days ago
  2. Belarus’ retail king Euroopt goes on the road
    16 days ago
  3. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    29 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    18 days ago
  5. Siemens considers quitting Russia
    7 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss