Tunisia Expected to Experience Modest Economic Growth of 1.2% in 2024
According to the latest report from the World Bank, titled "Global Economic Prospects", Tunisia is expected to experience a modest economic growth of 1.2% in 2024, which is lower than initial forecasts. This slowdown is primarily due to challenging climate conditions, including persistent drought, as well as weak domestic demand. High inflation continues to weigh on citizens' purchasing power, particularly in the food and energy sectors.
However, prospects for 2025 and 2026 are more optimistic, with growth forecasts of 2.2% and 2.3%, respectively, driven by a more favorable external economic environment and a recovery in investments. The external financial situation could also contribute to stabilizing the economy and supporting the country's strategic sectors, including exports.
To achieve this recovery, Tunisia will need to implement structural reforms, particularly in the public sector and natural resource management. A more accommodative monetary policy starting from 2025 could also stimulate investment and support growth.
In summary, while 2024 is expected to be a challenging year for the Tunisian economy, signs of recovery are expected in the coming years, provided that reforms are implemented and internal and external challenges are managed prudently.
