Tunisia expects growth of 2.5 percent

  • Tunis, Tunisia
  • 26 November 2019
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Tunisian Finance Minister Ridha Chalghoum predicted during a parliamentary session devoted to the 2020 budget that economic growth will reach 2.5 percent for the coming year, noting that "a number of economic indicators may help to raise the rate of growth, which has remained low throughout the past months of the year. Current growth, including the growth of the agricultural sector by 5.2% instead of the current 1.7%, and the recovery of the activities of laboratory industries to record a growth rate of about 1.5% after it was negative, and raise the performance of non-laboratory industries to estimate the growth rate of about 7% instead About 0.7 per cent. "

"The services sector is improving, we are counting on the resurgence of the phosphate sector and the introduction of one of the most important gas fields to exploit the performance of the Tunisian economy, which was fluctuating this year and not more than 1.2 percent. Tourism to generate at least 9 million tourists, and foreign exchange income of about 1.6 billion US dollars. "

Meanwhile, the Central Bank of Tunisia revealed that Tunisia's reserves of foreign currency reached about 18.9 billion Tunisian dinars (about 6.3 billion dollars), which allows to cover 106 days of supply compared to 77 days during the same period in 2018.

Source (Asharq Al-Awsat newspaper, edited)

 

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