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FINANCIAL NEWS
Tunisia’s economy to grow 2.5 percent in 2016
18 Oct 2015
(MENAFN) Tunisia expects economic growth to recover next year after slowing almost to a halt during the current year, when two attacks nearly wrecked the tourism industry.
Tunisian growth is expected to reach 2.5 percent next year compared with 0.5 percent in 2015, Tunisian Finance Minister said in a statement.
Growth dwindled along with tourism, which provides 7 percent of GDP, after terror attacks in the capital and at a beach resort killed a total of 61 people.
A state of emergency imposed after the second attack, at a beach in Sousse, was just lifted two weeks ago. Losses in the tourism were projected at USD515 million or more for 2015 after that attack.
Tunisia now will need USD1.53 billion, in external financing for 2016 and intends to cut its budget deficit to 3.9 percent next year, the minister added.
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