Five years after the power grab: investment at rock bottom, tax burden up

In a stock-take of the five years since 25 July 2021, Ridha Chkoundali, an economics professor at the University of Tunisia, says the investment rate fell to about 8 percent of GDP in 2023 from an average of 20 percent in 2015-2019, and that the tax burden has risen by five percentage points since 2015. Food inflation, the piece reports, runs at nearly three times the general rate, and unemployment has climbed, especially among university graduates. Kaïs Saïed rejected an IMF deal as dictated from outside but, the article argues, has nonetheless applied much of the same austerity: without the disbursements a programme would have brought.

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