TUNIS, Dec. 26 (Xinhua) -- Minister of Economy and Planning Samir Saied said on Monday that Tunisia's economy is expected to expand by 1.8 percent in 2023, a "modest" growth that "reflects the country's difficult economic situation."
At a press conference to present the country's finance law for 2023, Saied estimated that Tunisia's inflation rate is expected to reach 10.5 percent in 2023, up from 8.3 percent in 2022.
The conflict between Russia and Ukraine will lead to a rise in imports of basic commodities and petroleum products respectively worth of 2 billion Tunisian dinars (640 million U.S. dollars) and 8 billion dinars.
"The year of 2023 will be difficult for Tunisians," the minister warned, adding the Russia-Ukraine conflict will affect the country's budgetary balances.
The minister announced that a number of measures will be taken in 2023 to improve the country's business environment and activate pending public projects. ■
