Tunisia Economic Monitor, Spring 2021: Navigating Out of the Crisis
Due to disruptions in international trade and tourism triggered by the COVID-19 (coronavirus) pandemic, the Tunisian economy contracted by unprecedented levels during 2020. Fortunately, recent data indicates that the economy stabilized during the first quarter of 2021, with quarter-over-quarter (q-o...
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| Körperschaft: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
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| Schriftenreihe: | Economic Updates and Modeling
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| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | Due to disruptions in international trade and tourism triggered by the COVID-19 (coronavirus) pandemic, the Tunisian economy contracted by unprecedented levels during 2020. Fortunately, recent data indicates that the economy stabilized during the first quarter of 2021, with quarter-over-quarter (q-o-q) growth no longer in negative territory. In comparison with regional peers, Tunisia experienced a sharper contraction than others, having entered the crisis while already experiencing slow growth, limited fiscal space, and rising debt levels. While the government managed the first phase of the pandemic well from a health standpoint, this early success waned as controls were relaxed later in 2020. A record 13.3 decline in the tradable services sector and a 11.7 percent drop in exports contributed towards the 8.8 percent economic contraction, as weak global demand depressed industrial and tourism exports throughout 2020. As a result, unemployment rose from 14.9 to 17.4 percent, contributing to the wave of protests breaking out around the country on the 10-year anniversary of the Arab Spring. Some of the recent gains made in poverty reduction will be lost because the share of the population vulnerable to falling into poverty increased during 2020 due to the impact of COVID-19 on the economy |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/36123 |
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| 520 | 3 | |a Due to disruptions in international trade and tourism triggered by the COVID-19 (coronavirus) pandemic, the Tunisian economy contracted by unprecedented levels during 2020. Fortunately, recent data indicates that the economy stabilized during the first quarter of 2021, with quarter-over-quarter (q-o-q) growth no longer in negative territory. In comparison with regional peers, Tunisia experienced a sharper contraction than others, having entered the crisis while already experiencing slow growth, limited fiscal space, and rising debt levels. While the government managed the first phase of the pandemic well from a health standpoint, this early success waned as controls were relaxed later in 2020. A record 13.3 decline in the tradable services sector and a 11.7 percent drop in exports contributed towards the 8.8 percent economic contraction, as weak global demand depressed industrial and tourism exports throughout 2020. As a result, unemployment rose from 14.9 to 17.4 percent, contributing to the wave of protests breaking out around the country on the 10-year anniversary of the Arab Spring. Some of the recent gains made in poverty reduction will be lost because the share of the population vulnerable to falling into poverty increased during 2020 due to the impact of COVID-19 on the economy | |
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| spellingShingle | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis Business Cycles and Stabilization Policies Coronavirus COVID-19 Digital Divide Disease Control and Prevention Economic Growth Energy Fiscal and Monetary Policy Fiscal Policy Health, Nutrition and Population Information and Communication Technologies Macroeconomics and Economic Growth Monetary Policy Oil and Gas Poverty Reduction |
| title | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis |
| title_auth | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis |
| title_exact_search | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis |
| title_exact_search_txtP | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis |
| title_full | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis |
| title_fullStr | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis |
| title_full_unstemmed | Tunisia Economic Monitor, Spring 2021 Navigating Out of the Crisis |
| title_short | Tunisia Economic Monitor, Spring 2021 |
| title_sort | tunisia economic monitor spring 2021 navigating out of the crisis |
| title_sub | Navigating Out of the Crisis |
| topic | Business Cycles and Stabilization Policies Coronavirus COVID-19 Digital Divide Disease Control and Prevention Economic Growth Energy Fiscal and Monetary Policy Fiscal Policy Health, Nutrition and Population Information and Communication Technologies Macroeconomics and Economic Growth Monetary Policy Oil and Gas Poverty Reduction |
| topic_facet | Business Cycles and Stabilization Policies Coronavirus COVID-19 Digital Divide Disease Control and Prevention Economic Growth Energy Fiscal and Monetary Policy Fiscal Policy Health, Nutrition and Population Information and Communication Technologies Macroeconomics and Economic Growth Monetary Policy Oil and Gas Poverty Reduction |
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