Tunisia: 2012 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia

International Monetary Fund

No 2012/255, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; authority; exchange rate; government; Tunisia; Tunisian authorities; liquidity injection; authorities' intention; banking system liquidity; Tunisian authority; Fiscal stimulus; Public investment spending; Public investment and public-private partnerships (PPP); Europe; Global (search for similar items in EconPapers)
Pages: 73
Date: 2012-09-04
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