The slow pace of economic growth, whose rate should not exceed 1.4% for the whole of 2019, is mainly related to the poor performance of the export-oriented and extractive sectors, the Executive Board of the Central Bank of Tunisia (BCT) said in a statement on Monday, after its periodic meeting.
With regard to price developments, the Board noted in the statement issued at the end of its periodic meeting,
Inflation rate stabilizes at around 6.7% year-on-year in September 2019, after prices of food products and services eased back.
Similarly, core inflation (excluding food and fresh products) also continued to fall to 6.9% in September vs. 7% in August 2019.
Concerning the external sector, the Board pointed to the continuing decline in the current account deficit during the first nine months of the current year, i.e. 6.4% of GDP compared with 8% for the same period of last year.