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World Bank Expects Tunisia’s Economic Growth to Rebound 3.5% in 2022

World Bank Expects Tunisia’s Economic Growth to Rebound 3.5% in 2022

Saturday, 15 January, 2022 - 08:45
People queue to receives their coronavirus vaccines at El-Menzah Stadium which was turned into a vaccination center in the Tunisian capital Tunis on August 3, 2021. (AFP)

Tunisia’s economic growth should rebound to 3.5 percent in 2022 and decelerate to 3.3 percent in 2023 compared to 2.9 percent in 2021, according to the latest Global Economic Prospects published by the World Bank.


A surge in COVID-19 cases and political uncertainty throttled the rebound in 2021, the document said.


Economist Jannat bin Abdullah said the economy is affected by the oil prices in the global market. This, in its turn, impacts the trade deficit of the economy.


The Ministry of Finance based the 2021 budget on the reference price of $45, but this figure was proven unrealistic. The country tentatively expected this year’s barrel price to be $75.


Some experts expect the oil prices to exceed this number, and this would negatively affect the economy, said bin Abdullah.


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