Tunis makes economic gains in difficult world economic changes
Tunisia, Economics, 7/31/2003

Tunis has been able to protect its national economy from the implications resulting from the changes in the world market. Despite its limited natural resources and the changes in world market, Tunisia has been able to contain the negative reflections of globalization and the implications of September 11 incidents.

The Tunisian economy has been able to attain a growth rate estimated at 5.2%. A considerable result in a difficult international condition in which developmental indicators receded in several countries which exceed Tunisia's material potentials and natural resources.

The world economy had witnessed in 2002 great changes that were sharply heightened following the incidents of 2001 as world economy growth receded from 4.7% in 2000 to 2.4 % in 2001 as a result of the slowness in economic activity in one of the main industrial poles and the recession in world trade after this rate increased at 13% in 2000.

In order to enhance its economic performance Tunisia has continued structural reforms at three basic pillars, which are: first supporting the banking system and improving its competitive ability by enhancing its financial grounds, secondly continuing fundamental reforms of the national economy for further control of internal and external balances, and thirdly preserving continued economic growth and improvement of investment for creating more job opportunities and minimizing unemployment rate.

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