International Monetary Fund forecasts 2.3% growth for Tunisia in 2017, 3% in 2018

Remigio Civitarese
Ottobre 13, 2017

The International Monetary Fund (IMF) has delivered an unusually upbeat assessment of the prospects for the global economy, with worldwide growth now at its strongest rate in seven years.

In the press conference, Ning said: "China will definitely have no problem meeting its economic growth target of around 6.5 percent this year, and may even beat it, as the economy maintains medium to high growth".

After seeing an inflation growth rate of 2.6 per cent in 2016, the report also believes the inflation rate in Macau would reach 1.5 per cent this year and go up to 2 per cent next year.

The global economy is experiencing a "welcome cyclical upturn after disappointing growth over the past few years", the International Monetary Fund said in its report.

China's booming economy continues to propel Asia and drive worldwide economic growth. The Chinese economy is predicted to grow by 6.8 percent in 2017 and by slightly less in 2018.

In comparison, China's GDP growth has kept slowing down since 2010 and hit a 26-year lowest with 6.7% last year. According to International Monetary Fund estimates, this year unemployment is expected to drop to 13% from 14% last year and to 12% in 2018.

Earlier this year ratings agencies Standard and Poor's and Moody's cut their sovereign rating on China, with both citing rapidly accumulating debt.

On October 10, Ning Jizhe, deputy head of the National Development and Reform Commission (NDRC) and head of the National Bureau of Statistics (NBS), held a press conference on China's "economic achievements" in five years, ahead of the opening of Chinese Communist Party's 19th National Congress. If this year's growth does beat 6.7 percent, it would mark the first rebound in seven years.

In India, the "growth momentum slowed" due to the impact of a currency exchange initiative and the launch of a nationwide goods and services tax.

Reviewing the problems of the Tunisian economy, namely, the low economic growth and a sharp rise in public spending including wages, combined with delays in implementing key reforms, the high unemployment, the WB estimated that the national unity government -a coalition of the main political parties and social partners-was formed a year ago, to tackle the needed reforms, but identifying a first move has proven hard.

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