Loading...
See More

Premier: Tunisian economy to grow 3.5%

Jun 24 2012 14:45 Sapa-dpa

Related Articles

Tech revolution

'North Africa uprisings a warning to SA'

Tunisia's sovereign debt rating cut

G8 billions to support Arab Spring

 

Tunis - Tunisia's economy is on course to grow by 3.5% this year, confirming the country's recovery from the crisis triggered by last year's uprising, Prime Minister Hamadi Jebali said on Saturday.

The economy shrank by 1.85% last year, in the wake of the uprising that ousted longtime dictator Zine El Abidine Ben Ali.

The situation has begun to look up since the Ennahda party, which espouses a moderate brand of Islam, came to power in elections late last year.

Tunisia has also received millions of dollars in loans and aid from the European Union, World Bank and African Development Bank.

Tourism revenue grew 36% in the first four months of 2012 and foreign direct investment shot up 19.3%, Jebali told a conference on the preparation of this year's budget.

Jebali said the priority for the country, which lives mainly off tourism and agriculture, was to consolidate the budget and invest in value-added activities. The government aims to create 75 000 jobs over the year, he said.

High unemployment was one of the main factors behind the uprising against Ben Ali - the first uprising in the Arab Spring.

economic growth  |  tunisia
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

BMW drift battle: M235i vs. speedway bike

Watch this insane drift contest with four-times dirt-track World champion Karl Maier riding a speedway bike against a BMW M235i.

 
 

Men24.com

Want to start talking dirty?
Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...