If you continue to navigate this website beyond this page, cookies will be placed on your browser. Tunisia economic growth for 2019 was $39.20B, a 1.45% decline from 2018. Tunis, September 13, 2021 -The United States delivered today 187,960 additional doses of the Pfizer vaccine to Tunisia through the COVAX mechanism, bringing the total U.S. donated vaccines to Tunisia to almost two million vaccines since July 2021. The State Statistics Institute has said unemployment is at 17.8 percent, and the fiscal deficit deepened to more than 11 percent in 2020. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. In July Tunisian President Kais Saied fired the country's prime . All quotes delayed a minimum of 15 minutes. The accelerated rollout will further boost the president's buoyant levels of popularity. Economic Indicators for Tunisia including actual values, historical data, and latest data updates for the Tunisia economy. Bouden is now the country's first woman premier. Tunisia's Economic Update — April 2021. The president's actions will not ease anger on the streets for long, and his political opponents will see it as a coup. Addressing youth unemployment through industries without smokestacks: A Tunisia case study Sami Mouley and Amal Nagah Elbeshbishi Tuesday, September 28, 2021 Facebook Tunisia's political crisis threatens to deepen economic troubles. London, 7 September 2021: The head of Libyan Business Council (LBC) eastern branch, Fawzia Furjani, and the head of the Libyan-Tunisian Economic Cooperation Council, Saber Bougera, signed an agreement last Thursday at the LBC's Benghazi branch. The recovery will require more stability and a joint national effort to steer the economy to the right path. Found insideThrough a comparative case study of Egypt, Libya, Tunisia and Yemen, this book argues that transitional justice in the Arab region presents the strongest challenge yet to the transitional justice paradigm. This paper by Oleh Havrylyshyn, presents an assessment of the experience of these economies in a framework of a broad trade strategy perspective for Mediterranean countries, and examines prospects for the future. People shop at a Tadamun market in the outskirts of Tunis, Tunisia January 15, 2018. Real GDP contracted by 8.8% in 2020 as sharp declines in domestic and external demand followed the pandemic. Published Aug. 5, 2021 Updated Aug. 26, 2021 TEBOURBA, Tunisia — Aroussi Mejri, a 40-year-old waiter, is lucky to have a regular job, even if it pays only about $7.20 a day. Tunisia's real GDP should rebound and grow 2% in 2021 and 3.9% in 2022, if the pandemic recedes and allows a restart of the global economy, especially in Europe, upon which Tunisia relies heavily. Found inside â Page 39According to Najib, the internal logic of the capitalist economy was responsible for producing inequality. Wealth, he told me, not only tends to accumulate ... But political paralysis is hurting chances of turning around the economy. By Associated Press July 25, 2021 May 13, 2021 GMT. (Tunis) - Tunisian President Kais Saied should safeguard the human rights of all Tunisians and reverse any repressive measures taken . Nurse Amira Souissi celebrated when Tunisian President Kais Saied seized near total power in July promising to battle corruption, contain prices and boost state finances. Due to disruptions in international trade and tourism triggered by the COVID-19 (coronavirus) pandemic, the Tunisian economy contracted by unprecedented levels during 2020. . Tunisian President Kais Saied said on Wednesday that "wrong economic choices" had caused major financial problems in his first comments on the economy since using emergency powers to seize control . However, many of the economic problems that drove people to the streets a decade ago still remain. Tunisian demonstrators chant slogans during a protest against Tunisian President Kais Saied, Saturday, Sept. 18, 2021 in Tunis. Tunisia: President's Seizure of Powers Threatens Rights. The International Comparison Program (ICP) is a worldwide statistical initiative led by the World Bank under the auspices of the United Nations Statistical Commission. Due to disruptions in international trade and tourism triggered by the COVID-19 (coronavirus) pandemic, the Tunisian economy contracted by unprecedented levels during 2020. La Marsa district, just outside Tunis, is deserted Monday, May, 10, 2021. The national economy shrank 0.2% in Q2 of 2021 . A demonstrator flashes victory sings as he faces Tunisian police officers during a demonstration in Tunis, Tunisia, Sunday, July 25, 2021. However, many of the economic problems that drove people to the streets a decade ago still remain. . 1 of 4. 2022 will prove to be another challenging year, with international players attempting to pull the strings from afar. Initially the Tunisian National Security Council issued measures such as bans on public gatherings, but by March 18 President Kais Saied declared a nationwide curfew and on March 20 announced he extended the closure of Tunisia's borders to prohibit all . Found insideA Social Accounting Matrix (SAM) is an accounting framework that gives a quantitative overview of the structure of the economy over a given time period. To learn more about cookies, click here. Found insideThe weak economic performance and insufficient and low-quality job creation in Tunisia is primarily the result of an economic environment permeated by distortions, barriers to competition, and excessive red tape, including in the labor ... Tunisia on July 28, 2021. . Four eco-entrepreneurs will be chosen to receive support from the incubator of Lab'ess, member of the Pulse group and partner of . Recent research, though, reveals that there might actually be great potential and even a comparative advantage for job creation in Tunisia in "industries without smokestacks" (IWOSS). Souissi said her salary of 1,000 dinars ($350) a month can no longer keep pace with the high cost of living, with inflation running at 6.2 percent, and it is difficult to secure a bank loan due to scarce liquidity. Its overall score has increased by 0.8 point, primarily because of an improvement in fiscal health. Ten years after the Tunisian people overthrew the country's authoritarian ruler, their democracy is in crisis. Tunisia's economy expanded 16.2% from a year earlier in the second quarter of 2021, following a revised 1.7% decline in the previous period. Tunisia's political crisis threatens to deepen economic troubles September 29, 2021 Bearish Financial Sector Bites Nigerian Bourse as Global Stocks fall, bond yields jump, rate hikes loom TUNIS (Reuters) - Nurse Amira Souissi celebrated when Tunisian President Kais Saied seized near total power in July promising to battle corruption, contain prices and boost state finances. Saied still enjoys wide support from a public grown tired of corruption, and says he has clean hands. Tunisia's Saied moves on economy and Covid-19 after dismissing government Story by Reuters 7/29/2021. Economic growth in Tunisia (approached by the Gross Domestic Product) is currently volatile, the National Institute of Statistics (French: INS) said. The 2011 revolution was a powerful expression of Tunisians' desire to have their voice heard in the economic and political life of their country. Tunisia repaid more than $1 billion in debt this summer from foreign currency reserves, but must find about $5 billion more to finance a projected . Tunisia's President Kais Saied, center, leads a security meeting with members of the army and police forces in Tunis, Tunisia, July 25, 2021. Sept. 27, 2021, 8:27 a.m. Found insideThe report looks at key SME and entrepreneurship policy reforms over the past years since the publication of the SME Policy Index for the MENA region in 2014. A selection of our latest out-of-consensus or major calls for the remainder of the year. TUNIS (Reuters) - Nurse Amira Souissi celebrated when Tunisian President Kais Saied seized near total power in July promising to battle corruption, contain prices and boost state finances. Despite the economic crisis resulting from the pandemic, in early January, the government bought a fleet of brand-new anti-riot trucks, along with 60 vehicles intended for the Tunisian police. Tunisia's president has fired the prime minister and frozen parliament's activities after violent demonstrations over the country's pandemic and economic situation. Our Standards: The Thomson Reuters Trust Principles. Share Tunisia's President Moves on Economy and COVID . need to expedite the completion of negotiations with the International Monetary Fund to avoid an exacerbation of the economic crisis in Tunisia, which has . Climate change is exacerbating the region's water scarcity issues but few countries have started to address the problem. CAIRO — For the past two months, President Kais Saied of Tunisia has ridden widespread popular support to ever-higher peaks of power, culminating in a recent . Found inside â Page 1Die Reihe Islamkundliche Untersuchungen wurde 1969 im Klaus Schwarz Verlag begründet und hat sich zu einem der wichtigsten Publikationsorgane der Islamwissenschaft in Deutschland entwickelt. As the COVID-19 pandemic stretches into 2021 and in a context of heightened socio-political unrest, Tunisia's growth and fiscal outlook is weaker than before. The results show both that voters will no longer tolerate the mismanagement and indecisiveness of previous policy makers, and that there is a belief that disruption, through unconventional candidates, can bring new life to the country and its economy. Found inside â Page iiiThis book investigates the socioeconomic factors that triggered Tunisiaâs "revolution for dignityâ and the current issues and challenges facing its economy while suggesting mechanisms and instruments for their resolution. A May 2021 survey found that only 6% of Tunisians said the current economic situation was "good" or "very good." In 2018, that number had been 7%; in 2016: 14%; in 2011: 27%. In The Arab Winter, Noah Feldman argues that the Arab Spring was nevertheless not an unmitigated failure, much less an inevitable one. Found insideThe Arab Spring began and ended with Tunisia. In a region beset by brutal repression, humanitarian disasters, and civil war, Tunisia's Jasmine Revolution alone gave way to a peaceful transition to a functioning democracy. Tunisian President Kais Saied (C) meets with a delegation of Chinese tech firm Huawei in Tunis, Tunisia, on Aug. 19, 2021. Found inside â Page iiThis book discusses youth unemployment in post-revolutionary Tunisia, paying particular attention to the so-called skill mismatch. "We expected prices to drop. Russia is delaying the appointment of panels of independent experts to monitor violations of U.N. sanctions on South Sudan, the Democratic Republic of Congo, Central African Republic (CAR)and Mali, diplomats said on Wednesday, leaving their work in limbo. In 2021, fewer interventions are expected and the erosion of the exchange rate will resume. In 2021, we expect growth to rebound moderately by +2.7%, thanks to the gradual recovery . Writing by Michael Georgy, Editing by William Maclean, Political paralysis hurts efforts to fix economy, Tunisians say living conditions are worsening. Specifically, spending on social programs will reach 2.7 percent of GDP in 2019 from 1.9 percent in 2017—a reallocation that is also monitored under the IMF-supported program through a floor on social spending. Found inside"A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)." Tunisia's president said on Wednesday he was addressing the country's dire economic and Covid-19 situation, and probing widespread corruption after invoking emergency powers on Sunday to seize . A journalist waits outside the barricaded parliament in Tunis on July 27, 2021. How might these economic grievances be linked to democracy? Celebrations after Tunisian president sacks prime minister, dissolves government - video Bethan McKernan and Simon Speakman Cordall in Tunis Mon 26 Jul 2021 12.33 EDT The recovery will require more stability and a joint national effort to steer the economy to the right path. The revelation was made yesterday by the co-organizers, the Tunisian African Business Council (TABC). ET. News Service 10:42 July 31, 2021 AA. US withdrawal offers space for Russia and China, and incentivises regional actors to find their own security solutions. A man who would only give his first name Mohamed sat at a cafe with two friends complaining that he has been unemployed for four years. MENA chart of the week: water scarcity issues intensify, Impact of US exit from Afghanistan on geopolitics in MENA, Tunisia's trade expanded sharply in second quarter, Middle East chart of the week: mix of regional rivalries, Protest takes place against Tunisian president. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. "I hope he does not close it quickly, and he should avoid populism. Found inside â Page 214as well as Tunisian success stories (Telnet, Omniacom, Picosoft, Cynapsys, ... support the digital economy and advance the region's digital transformation. January 19, 2021 at 9:51 a.m. EST. . The economic impact of Tunisia's political turmoil. This site uses cookies to optimize functionality and give you the best possible experience. The uptick is, however, not large enough to return output to pre-pandemic levels of 2019. Democracy and the economy. USAID Tunisia . The economy shrank 8.2 percent last year, while public debt grew to 87 percent of gross domestic product, according to the IMF. After this short-term rise, growth is expected to return to a more subdued trajectory, expanding by around 2% by 2023, reflecting pre-existing structural weaknesses and a gradual global recovery from the pandemic. In many ways, they are even worse today, which helps explain why Tunisians are returning to the streets again in 2021. TABC also revealed that more than 1000 Tunisian . Growth will recover to 4% in 2021 (forecast 'B' median: 4.5%) supported by Tunisia's diversified economy, strong agricultural production and rich tourism resources, and a normalization of mining activity. IWOSS are sectors that share much in common with . Women perform 66% of the world's work, produce 50% of the food, but earn 10% of the income and own 1% of the property. "But the political crisis now and the absence of any program and a clear economic vision is really accelerating the complete collapse.". It was the first expansion in GDP after 5 consecutive quarters of contraction and the highest growth since at least 2001 mainly due to a base effect induced by the slowdown in activity in spring 2020 following the containment measures. 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