Tunisia Cuts Growth Outlook to 1.5 Pct Vs Previous 2.5 PctSource: www.export-egypt.com 10/5/2016, Location: Africa |
|
|
|
|
|
Tunisia has cut its 2016 growth forecast to 1.5 percent this year, down from an expected 2.5 percent, its finance minister said on Wednesday, citing difficulties in the phosphate sector where protests have disrupted production.
"According to the complementary law for the 2016 budget, growth will be at 1.5 percent this year due to a decline in economic activity in several sectors including phosphate," Finance Minister Lamia Zribi told reporters. Growth in 2015 was only 0.8 pct after Islamist militant attacks hit the tourism sector that represents around 8 percent of the gross domestic product. The country's vital phosphate exports have been disrupted by strikes and protests by unemployed youth seeking jobs, costing the state tens of millions of dollars in lost revenue. Tunisia produced 4 million tonnes of phosphate last year and output for the first six months of 2016 was at 1.86 million tonnes, according to the energy ministry. It produced about 8.26 million tonnes of phosphate in 2010. But output dropped after its 2011 revolution. Tunisian Prime Minister Youssef Chahed told Reuters last week growth will 3 percent next year, helped by a package of reforms aimed at shoring up the new democracy won in the 2011 revolution with economic gains. |
|
|
Financials and Investment News in Tunisia >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Tunisia Oil & Gas 1 >> 2 | |
