Tunisia : 2017 Article IV Consultation and Second Review Under the Extended Fund Facility, and Request for Waivers of Nonobservance of Performance Criteria, and Rephasing of Access.

Tunisia : 2017 Article IV Consultation and Second Review Under the Extended Fund Facility, and Request for Waivers of Nonobservance of Performance Criteria, and Rephasing of Access.

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Bibliographic Details
Corporate author / creator:	International Monetary Fund. Middle East and Central Asia Department.
Imprint:	Washington, D.C. : International Monetary Fund, 2018.
Description:	1 online resource (136 pages).
Language:	English
Series:	IMF Staff Country Reports; Country Report, 1934-7685 ; No. 18/120 IMF Staff Country Reports; Country Report ; no. 18/120.
Subject:	Tunisia -- Ecconomic conditions. Tunisia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12508506

Hidden Bibliographic Details
ISBN:	148435544X 9781484355442 9781484355442
Notes:	Print version record.
Summary:	A consumption-led, timid recovery has increased macroeconomic vulnerabilities. Growth almost doubled to 1.9 percent in 2017, but record fiscal spending and strong credit growth, combined with dinar depreciation, pushed inflation to 7.1 percent in February 2018. The current account deficit widened to 10.1 percent of GDP over 2017 and reserve cover fell to 2.6 months of imports in early March 2018. Public and external debt finished 2017 at 71 percent and 80 percent of GDP, respectively. Discontent about economic conditions and the residual impact of several shocks-notably the 2015 terrorist attacks, political uncertainty, and spillovers from the Libyan conflict-continue to weigh on confidence and policy implementation.
Other form:	Print Version: Tunisia: 2017 Article IV Consultation and Second Review Under the Extended Fund Facility, and Request for Waivers of Nonobservance of Performance Criteria, and Rephasing of Access. Washington, D.C. : International Monetary Fund, 2018
Standard no.:	10.5089/9781484355442.002

Description
Summary:	This 2017 Article IV Consultation highlights that Tunisia's economic growth almost doubled to 1.9 percent in 2017, as confidence strengthened on the back of improved security and the unity government's early progress with policy and reform implementation. Investment and exports remained sluggish, however. Growth is expected to reach 2.4 percent in 2018, helped by a good agricultural season and a pickup in manufacturing and tourism. The unemployment rate remains high at 15 percent. Trade data for early 2018 show an improvement in export performance, while import growth is slowing. This favorable trend is expected to continue throughout the remainder of the year, supported by a more favorable real exchange rate.
Physical Description:	1 online resource (136 pages).
ISBN:	148435544X 9781484355442
ISSN:	1934-7685 ;