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Tunisia sees GDP growth reviving to 4.5 per cent in 2012 A recovery in tourist numbers and an upsurge in foreign investment will help the economy bounce back next year, claims draft budget
Tunisia's government expects the economy to grow 4.5 per cent next year, bouncing back from a slump caused by the impact on tourism of the country's revolution, according to the draft budget for 2012. Gross domestic product (GDP) growth is forecast to be 1 per cent at most this year, after the revolution in January and the instability that followed it prompted many foreign tourists -- one of the biggest sources of income -- to cancel bookings. Tunisian officials are predicting the economy will revive next year because of a recovery in tourist numbers and more foreign investment. The 4.5 per cent GDP growth forecast was included in a draft budget which officials presented to the cabinet earlier this month, the TAP state news agency reported. The North African country's GDP grew 3.7 per cent in 2010. A moderate Islamist party last week won Tunisia's first election since its revolution, and is expected to dominate a new coalition government. The party's leaders have promised to pursue liberal, business-friendly economic policies.
