Tunisia – Analysts: Tunis faces economic and social crises for the first time after 40 years

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Tunis- Tunisia 25/11/2020

Economic analysts state that Tunis is facing severe and unsolved economic crises. The economy of Tunisia has been witnessing different difficulties for more than 10 years as a result of development reformation absence of the successive governments. Experts point out that the rise of complications occurs due to the outbreak of Covid-19 which caused investment deterioration, the bankruptcy of several small comprises, and lack of tourism revenues. The analysts believe that the absence of political stability that the country is going through deepened the crises creating social crises as it increased the unemployment rate and poverty in some parts of the country. The government is estimating the budget deficit to reach 14% of the gross domestic product in 2020 which is the highest percentage in 40 years.

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