(MENAFN) Tunisia is set to witness an economic growth of about 1 percent this year, compared with 2.3 percent last year, according to the country's Finance Minister, Reuters reported.
The Finance Minister also said that economic deficit is forecast to remain steady at around 5 percent of Gross Domestic Product (GDP). The statement came days after the catastrophic beach incident which is forecast to hinder growth.
The tourism sector, which represents 7 percent of the Tunisia's economy, has been hit hard by two major Islamist militant attacks this year. Strikes and protests also disrupted the country's vital phosphate exports.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.