Saturday 30 April 2011

Tunisian economy to grow 1-2 pct in 2011: cenbank | Reuters

Tunisia's economy will grow by only 1-2 percent this year because of continuing uncertainty, the central bank governor said in remarks published on Friday.

Mass protests toppled the former president, Zine al-Abidine Ben Ali, in January and Central Bank Governor Mustapha Kamel Nabli repeated his view that weak growth could threaten the transition to democracy.

"The fundamental problem is in the situation of uncertainty and lack of confidence prevailing in the country," the official TAP news agency quoted Nabli as saying. "This leads to a wait-and-see attitude on the part of companies and also consumers who keep their savings."

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