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Economy

Tunisia's economy will shrink by 6.5% this year

Date: Jul 13, 2020

Tunisia’s economy will shrink by 6.5% this year because of the effects of the COVID-19 pandemic, the Investment Minister, Slim Azzabi, said on Monday.

Tunisia ended all restrictions on movement and businesses in June. However, the pandemic is hammering the tourism sector, which contributes nearly 10% of gross domestic product and is a key source of foreign currency.

--Reuters--