After several years marked by inflationary tensions, budgetary imbalances, and financial uncertainties, the Tunisian economy seems to be gradually emerging from the acute phase of turbulence.
The main stability indicators show more reassuring signs. Inflation, which exceeded 10% in 2023, has continued its decline to stand around 5% in 2026 according to the latest data from the National Institute of Statistics. Foreign exchange reserves have consolidated, and tensions in the money market appear more under control.
However, this statistical improvement masks other realities that continue to assert themselves. Those of a society that does not yet feel the benefits of this normalization.
The Tunisian paradox lies precisely here. The macroeconomic urgency is retreating, but the impression of daily dysfunction persists. Households continue to ration their spending with caution. Companies delay their expansion plans. Young graduates struggle to identify professional prospects that are sufficiently attractive.
The economy seems to have regained a certain balance in its accounts without, however, recreating a genuine sense of economic prosperity.
The emergence of an adaptation economy
The most striking phenomenon may not be the weakness of growth itself, but the progressive capacity of economic actors to adapt to this weakness. This ongoing adaptation is deeply changing behaviors.
