Language:
English
Pages:
1 Online-Ressource
Series Statement:
Economic Updates and Modeling
Keywords:
Affordable and Clean Energy
;
Agriculture
;
Dinar Stability
;
Drought
;
Economic Forecasting
;
Economic Growth
;
Energy
;
Macroeconomics and Economic Growth
;
Power Transition
;
Public Debt
;
Renewable Energy
;
SDG 7
Abstract:
Tunisia's already modest economic recovery almosthalted in 2023, amidst a severe drought, tight financingconditions and the modest pace of implementingreforms. With this slowdown, the Tunisian economy in2023 was still below its pre-Covid level, marking oneof the slowest recoveries in the Middle East and NorthAfrican region. Agriculture was the main driver of the2023 economic slowdown, declining by 11 percent asthe drought forced the government to introduce irrigationrestrictions. This highlights the urgency for Tunisiato adapt to climate change. The weak domesticdemand and the fiscal consolidation appear to haveadded to the drought-related losses, with the declinesin construction and commerce sectors offsetting someof the gains from export markets, particularly tourism. The growth slowdown-especially in labor-intensivesectors-translated into higher unemployment andlower labor force participation
URL:
Deutschlandweit zugänglich
