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FINANCIAL NEWS
Tunisia forecasts 1 percent economic growth in 2015
13 Jul 2015
(MENAFN) Tunisia is set to witness an economic growth of about 1 percent this year, compared with 2.3 percent last year, according to the country’s Finance Minister, Reuters reported.
The Finance Minister also said that economic deficit is forecast to remain steady at around 5 percent of Gross Domestic Product (GDP). The statement came days after the catastrophic beach incident which is forecast to hinder growth.
The tourism sector, which represents 7 percent of the Tunisia’s economy, has been hit hard by two major Islamist militant attacks this year. Strikes and protests also disrupted the country’s vital phosphate exports.
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