Inflation Remains a Threat in 2025 Despite Reforms
Inflation is expected to remain a menace in 2025, despite the reforms put in place to contain it. The continued rise in prices of raw materials, energy, and food is eroding purchasing power.
Although a slight decrease in the inflation rate is possible, it is likely to remain above the authorities' targets. Political and economic stability will play a crucial role in the evolution of the situation.
According to the AFC Review of January 2025, investing in assets capable of withstanding inflation is a preferred strategy. The focus is on defensive stocks, which have shown strong resilience in the face of economic fluctuations, as well as high-yielding values known for the regularity and generosity of their dividends.
The top-performing values in 2024 include Attijari Bank with a projected yield of 9.2%, SAM with 8.5%, and CIL with 8.4%. The integration of environmental, social, and governance (ESG) criteria is also becoming a determining factor, ensuring a sustainable and responsible investment aligned with the expectations of socially responsible investors.
The recommended portfolio by the AFC Review has shown notable performances. In 2024, it recorded a 21.5% increase, outperforming the main Tunisian market index, the TUNINDEX, which was limited to 13.8%. Since its creation, this portfolio has generated a 257.1% growth, compared to 97.4% for the entire market. The banking, leasing, agro-food, and industrial sectors are among the most represented.
