(3 minutes read)
· Thousands of Tunisian business units are facing bankruptcy exacerbated by the Covid-19 pandemic as nearly a third of small to medium-sized businesses are staring at closure
· Tunisian economy is going through one of the worst phases. It’s GDP contacted by 21.6% in the second quarter of 2020
· Unemployment is rising to 18% and is estimated to hit at 20% by the year’s end according to a study conducted by both the Tunisian government and the United Nations
Thousands of Tunisian business units are facing bankruptcy exacerbated by the Covid-19 pandemic as nearly a third of small to medium-sized businesses are staring at closure.
A night time curfew around the capital Tunis began recently for 15 days. This has to be seen against the pernicious impact of the first wave of the pandemic (March to June), which resulted in the loss of 165,000 jobs. Many feel that If the curfew goes on, there are plenty of people who will be hurt and will be left in a lurch.
Tunisian economy is going through one of the worst phases. It’s GDP contracted by 21.6% in the second quarter of 2020. Unemployment is rising to 18% and is estimated to hit at 20% by the year’s end according to a study conducted by both the Tunisian government and the United Nations.
The key tourism industry is in disarray with a 60% plunge in occupancy. A number of hotels are on the brink of permanent closure. With a population of around 11 million people, Tunisia has reported nearly 27,000 confirmed Covid-19 cases and over 400 deaths. The country has only limited healthcare facilities to cope with the pandemic.
