Tunisia's economy grows 2.5 pct in the f

May 12 [Sun], 2013, 11:34
Tunis (Reuters) - Tunisia's economy grew by 2.5 percent year-on-year in the first quarter of this year, compared with 2 percent growth in the same period of last year, official figures showed on Thursday

"This percentage is weak and does not fit with our plans for the growth rate of 4 percent during the entire 2013", TAP state news Tunis agency quoted Finance Minister Elyess Fakhfakh as saying.

Last year's economic growth reached 3.6 percent, but the strike and the protests that followed the assassination of secular opposition politician Chokri Belaid in February have undermined Tunisia's efforts to revive its economy.

Last month, the Ministry of Finance cut its forecast for growth to 4 percent from 4.5 percent expected in 2013, citing concerns that strikes and disruption of business activities would hit foreign investment.

Foreign investment fell in the first quarter of 2013 by 10.6 percent compared to the same period of 2012 to 393 million dinars.



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