Tunisia has witnessed a dramatic decrease in inflation over the past five years, reaching in 2001 a level similar to that in developed nations of 1.9 percent, reported the official KUNA news agency. The North African nation’s budget deficit also decreased by 2.4 percent in 2001 in comparison to 5.9 percent in the beginning of the 1990’s.
Prudent macroeconomic policies together with structural reforms have resulted in consistently strong output growth in the Republic of Tunisia. Real GDP is increasing at an average of more than five percent per year, despite lackluster growth in the EU, Tunisia's main trading partner, asserted a December RatingsDirect report from Standard & Poor's. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
