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IMF: Tunisia offers more economic certainties than Egypt

Published the:  16/02/2011

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February 16, 2011 - TAP - The economic outlook is more certain for Tunisia than Egypt, said, Wednesday February 16, 2011 in Washington, Masood Ahmed, Director of the International Monetary Fund (IMF) for North Africa, the Middle East and Central Asia.
For the IMF official, whose remarks were reported by AFP, the Tunisian economy will revive more swiftly that the Egyptian one, even though the two economies would be affected by the drop of tourism and reluctance of investors facing the political uncertainty arising from the change of the political regime.
"The Tunisian authorities themselves said they expect a growth of 2% to 3% in their economy this year. In our point of view, this seems a very reasonable forecast", he said.
"Events are still underway in Egypt, more than Tunisia. It is difficult for anyone, said Mr. Ahmed, to make accurate projections on the extent of the economic impact, noting that in the second half of 2010, the Egyptian economy had grown at an annual rate of about 5.5%".