In Face of Protests, Tunisia Needs Bold Economic Reforms
Faced with a rising trade deficit and falling foreign exchange reserves, and already tied into a large conditional loan from the IMF worth $2.9 billion, Tunisia’s economy is in the midst of a stagflationary crisis of inflation and slow growth.
Restrictions on imports, new taxes and prices increases have spurred inflation. The collapse of tourism as a result of terrorist attacks in 2015 and the rise of oil prices are only making matters worse. Under the Finance Law announced in January this year, prices of consumer goods have been hiked and additional taxes have been imposed. The recent Fech Nestannaw [What are we waiting for?]… Seguir leyendo »