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Tunisia’s political crisis forewarns economic collapse

Economists are sounding the alarm about a possible economic collapse in Tunisia, urging for reforms to revive the economy that had been suffering since 2011 amid political instability.
A man retrieves newly circulating Tunisian bank notes from an ATM, Tunis, Tunisia, March 27, 2020.

TUNIS, Tunisia — The rating agency Moody's has recently downgraded Tunisia's sovereign rating from B3 to Caa1, while maintaining the negative outlook. 

In an Oct. 14 statement, Moody’s said the negative outlook “reflects the risks associated with possible delays in the implementation of reforms as well as the financing which depends on them, which would lead to the melting of foreign exchange reserves.”

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