BCT expects GDP growth to improve in Q1

Tunis: The Central Bank of Tunisia (BCT) is expecting an improvement of GDP growth in the first quarter of 2024, benefiting in particular from the gradual recovery of the agricultural sector after a historic contraction of 11% in 2023, which reduced annual economic growth by 1%. The BCT added in a statement issued at the end of its executive board meeting chaired by new governor, Fethi Zouhair Nouri, that this expected improvement in the growth rate is also due to the momentum recorded in both merchandise exports and the inflow of tourists in the first two months of 2024, which should help boost growth. According to the statement from the board meeting held on March 22, the central bank has also raised its growth forecasts for the first three months of this year, with the development of equipment imports compared to last year. Source: Agence Tunis Afrique Presse