Oxford Business Group: Despite global crisis Tunisian economy performed well in 2008
Tunis, January 6, 2009- “Amidst the turbulent background of the global economic crisis, 2008 has turned out to be a surprisingly robust year for the Tunisian economy” writes the Oxford Business Group (OBG) in its “Year in Review feature”.
http://www.oxfordbusinessgroup.com/weekly01.asp?id=4245
The review analyses Tunisia’s “healthy growth numbers” in all sectors of financial and economic activity including the banking sector, ICT, tourism and infrastructure, which have all posted significant growth.
Referring to the mega projects underway, by major Emirati building promoters such as Sama Dubai, Bukhatir, and Maabar, the Review adds that “the physical appearance of the country is changing rapidly”.
“ In spite of continued global economic uncertainty, the Tunisian government is expecting 2009 to shape up to be an equally fruitful year. In the recently released 2009 budget, the government has increased its spending plans by 12% to over $12bn, on the back of $1.75bn in foreign investment flows and a GDP growth rate of 5%. The inflation rate is predicted to drop to a more manageable 3.5%, as plans for further privatisation and liberalisation move forward”, writes the OBG.
