Tunisia: Growth expected to recover to 1.9% in 2024, thanks to reform efforts (EBRD)

Tunis: Economic growth in Tunisia is expected to make a substantial recovery, increasing from 0.4% in 2023, to nearly 1.9% in 2024 and 2% in 2025 thanks to reform efforts and the ongoing tax consolidation, reads the latest report of the European Bank for Reconstruction and Development (EBRD) on "the Economic Outlook for the Southern and Eastern Mediterranean region" (SEMED), published on Wednesday. According to the EBRD, macroeconomic risks have been somewhat controlled, even if public finances remain under pressure and access to external financing is "still very restricted". Nevertheless, Tunisia managed to honor its external debt commitments on time, the EBRD said, adding that the country continues to make progress with regard to key reforms, in particular, budgetary consolidation, even if this progress remains «slow». Source: Agence Tunis Afrique Presse