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FINANCIAL NEWS
Tunisia cuts own growth estimation
31 Jul 2015
(MENAFN) Tunisia has cut its 2015 growth forecast to 0.5% this year, down from an expected 1%, its finance minister said yesterday.
Tourism revenues represent about 7% of the economy, and, adding to the decline, the country’s vital phosphate exports have been disrupted by strikes and protests.
Slim Chaker also told reporters that Tunisia would not be able to create a promised 40,000 jobs due to higher spending on combating terrorism, including boosting security forces.
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