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Rebuilding Potential of Tunisian Firms
Tunis, DECEMBER 22, 20202- The World Bank Group today released its annual Tunisia Economic Monitor, which provides timely, comprehensive assessments of current economic trends in Tunisia and analysis of the country’s broader development challenges.
Tunisia is expecting a sharper decline in growth than most of its regional peers, having entered the COVID-19 crisis during a period of slow growth and rising debt levels. After an expected 9.2 percent contraction in 2020, growth is expected to temporarily accelerate to 5.8 percent in 2021 as the pandemic’s effects begin to abate. However, pre-existing structural weaknesses are expected to drag the Tunisian economy into a more subdued growth trajectory of around 2 percent by 2022. With slower growth, some of the past gains in job creation and poverty reduction will be lost: unemployment is expected to edge up, and the share of the population vulnerable to falling into poverty will inc