Tunisia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tunisia.

The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis is expected to induce the largest contraction in real GDP since independence. The...

Disgrifiad llawn

Manylion Llyfryddiaeth
Awdur Corfforaethol: International Monetary Fund. Middle East and Central Asia Dept
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2021.
Cyfres:IMF Staff Country Reports; Country Report ; No. 2021/044
Pynciau:
Mynediad Ar-lein:Full text available on IMF
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520 3 |a The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis is expected to induce the largest contraction in real GDP since independence. The authorities' targeted response together with higher outlays on wages widened the fiscal deficit. A second Covid-19 wave is underway. The authorities are securing 500,000 doses to start a first campaign of vaccinations in February and are aiming to secure more doses to vaccinate half of the population starting in April-May. Staff expects GDP growth to rebound modestly in 2021, but it could take years before activity returns to pre-crisis levels, especially if large imbalances were not addressed and key reforms delayed. Downside risks dominate and recent protests highlight the level of social tensions, aggravated by Covid-19 restrictions, and particularly among the youth. 
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