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Impact of COVID-19 on projected inflation in Tunisia 2020-2021

With the coronavirus (COVID-19) pandemic, the majority of the countries worldwide are expected to have negative effects on their economy. The same is predicted for the Tunisian economy. The projection for the inflation rate in 2020 was revised to eight percent, under a worst-case scenario, where the outbreak persists till the end of the year. Before the occurrence of the coronavirus, the outlook was at 6.7 percent. For 2021, the projected inflation rate was reviewed to seven percent, also considering the worst-case scenario. Previously, a 6.1 percent inflation rate was projected.

Impact of coronavirus (COVID-19) on projected inflation in Tunisia in 2020 and 2021

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Source

Release date

June 2020

Region

Tunisia

Survey time period

June 2020

Supplementary notes

Assumptions:
1) Baseline scenario: pandemic subsides in July 2020
2) Worst scenario: pandemic continues to December

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