FINANCIAL NEWS

Tunisia eyes 3.7% growth this year

21 Oct 2010

(MENAFN) The Tunisian government has cut its economic growth estimate for this year to 3.7 percent but said it sees growth accelerating to 5.4 percent next year as the farming sector recovers and the services sector accelerates, Reuters reported.

The government had previously forecast 4 percent growth this year and had not given a forecast for next year.

The growth rate expected in 2011 will enable the creation of 81,000 jobs compared to 74,000 expected to be created this year and reduce the unemployment rate to 13.1 percent, the government said in the draft budget text.

The north African country is striving to expand growth to cut an unemployment rate that stands at 14 percent and is much higher among high school and university graduates.

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