Open AccessTunisia
Publication year - 2020
Publication title -
imf staff country report
Language(s) - English
Resource type - Journals
eISSN - 2227-8907
pISSN - 1934-7685
DOI - 10.5089/9781513540474.002
Subject(s) - covid-19 , economics , downside risk , outbreak , economic policy , financial system , monetary economics , finance , medicine , portfolio , disease , infectious disease (medical specialty) , virology
The Covid-19 outbreak aggravates Tunisia’s already elevated macroeconomicimbalances. The crisis is expected to reduce growth to an unprecedented -4.3 percent. Itwill also give rise to urgent fiscal and BOP financing needs of 2.6 and 4.7 percent ofGDP in 2020, respectively, with large downside risks due to exceptional uncertainty. Ifnot addressed, these gaps cause immediate and severe economic disruption.