Tunisia: Experts fear political instability is damaging economy (click here)
With a massive drop in
the value of the dinar and rising inflation and debt-to-GDP ratio,
worries over the effect of political instability are increasing
Written by
:
Adel Al-Nouqti
...Latest figures indicate a decline in foreign direct investment (FDI) in Tunisia by 1.3 percent in 2013 over the same period in 2012. There is 6 percent inflation and the national debt is 47 to 48 percent of GDP. The value of the Tunisian dinar has been declining rapidly, and has been at its lowest levels ever since July.
In a statement this week, the Tunisian Association of Economists issued a warning about the “gravity of the current economic situation in Tunisia” and “the extent to which the country is able to repay its debt.” In their own statement, the Assembly of Expert Tunisian Accountants emphasized that “the economic situation requires urgent action in order to restore the country’s fiscal balance,” indicating that the task may require reconsideration of the 2013 budget.
Perhaps most dangerous of all is the claim from some parties, especially among the opposition, that the Tunisian government will be unable to pay the salaries of employees in the coming period...
on :
Sunday, 18 Aug, 2013
...Latest figures indicate a decline in foreign direct investment (FDI) in Tunisia by 1.3 percent in 2013 over the same period in 2012. There is 6 percent inflation and the national debt is 47 to 48 percent of GDP. The value of the Tunisian dinar has been declining rapidly, and has been at its lowest levels ever since July.
In a statement this week, the Tunisian Association of Economists issued a warning about the “gravity of the current economic situation in Tunisia” and “the extent to which the country is able to repay its debt.” In their own statement, the Assembly of Expert Tunisian Accountants emphasized that “the economic situation requires urgent action in order to restore the country’s fiscal balance,” indicating that the task may require reconsideration of the 2013 budget.
Perhaps most dangerous of all is the claim from some parties, especially among the opposition, that the Tunisian government will be unable to pay the salaries of employees in the coming period...
