Tunisia: 2012 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
September 4, 2012
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This 2012 Article IV Consultation highlights that Tunisia experienced a severe recession in 2011 amid domestic and regional turmoil. Real GDP contracted by 1.8 percent, reflecting a sharp decline in tourism and foreign direct inflows. As a result of the economic downturn and the return of Tunisian workers from Libya, unemployment soared to 19 percent in 2011, with youth unemployment at 42 percent. Tunisia’s medium-term economic growth potential remains favorable, but unleashing it requires a comprehensive package of structural reforms to foster private investment.
Subject: Expenditure, Fiscal policy, Fiscal stimulus, Imports, Public debt, Public investment and public-private partnerships (PPP), Public investment spending
Keywords: authorities' intention, authority, banking system liquidity, CR, Europe, exchange rate, Fiscal stimulus, Global, government, ISCR, liquidity injection, Public investment and public-private partnerships (PPP), Public investment spending, Tunisia, Tunisian authorities, Tunisian authority
Pages:
73
Volume:
2012
DOI:
Issue:
255
Series:
Country Report No. 2012/255
Stock No:
1TUNEA2012002
ISBN:
9781475505832
ISSN:
1934-7685
