Analysis by Region - Africa - Tunisia
Russia's invasion of Ukraine could impact the Tunisian economy through three channels: food, fuel, and tourism. This presents tangible risks to the North African country's economic growth and led us to lower our growth forecast for 2022 from 3.4% to 2.0%. Tunisia's lack of access to international markets will continue to lessen the government's space for fiscal manoeuvring, which limits the government's ability to cushion the population from these external headwinds.
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