Tunisia Economic Monitor, Spring 2024 : Renewed Energy to the Economy
Tunisia's already modest economic recovery almosthalted in 2023, amidst a severe drought, tight financingconditions and the modest pace of implementingreforms. With this slowdown, the Tunisian economy in2023 was still below its pre-Covid level, marking oneof the slowest recoveries in the Middle East and NorthAfrican region. Agriculture was the main driver of the2023 economic slowdown, declining by 11 percent asthe drought forced the government to introduce irrigationrestrictions. This highlights the urgency for Tunisiato adapt to climate change. The weak domesticdemand and the fiscal consolidation appear to haveadded to the drought-related losses, with the declinesin construction and commerce sectors offsetting someof the gains from export markets, particularly tourism. The growth slowdown-especially in labor-intensivesectors-translated into higher unemployment andlower labor force participation
Year of publication: |
2024
|
---|---|
Institutions: | World Bank Group |
Publisher: |
Washington, D.C : The World Bank |
Subject: | Tunesien | Tunisia | Erneuerbare Energie | Renewable energy | Wirtschaftslage | Macroeconomic performance | Wirtschaftspolitik | Economic policy |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Tunisia : 2009 Article IV consultation ; staff report and public information notice
Tahari, Amor, (2009)
-
(2002)
-
Wirtschaftstrends / Nordafrika
(2003)
- More ...
Similar items by person