TAG: Economy
Tunisia’s business community remains cautiously optimistic about local business conditions in the next 12 months, with only 50% of the latest 2019 OBG Business Barometer: Tunisia CEO Survey respondents saying they have positive or very positive expectations. Not only is this figure down from the previous survey conducted in 2017, when 77% of CEOs were positive or very positive, but it also is low relative to our findings in other African markets. For instance, in Morocco and Egypt this figure stood at 73% and 95%, respectively, in our latest CEO surveys, while 73% of respondents in Côte d’Ivoire and 93% in Ghana had positive or very positive expectations.
Tunisia’s business community remains cautiously optimistic about local business conditions in the next 12 months, with only 50% of the latest 2019 OBG Business Barometer: Tunisia CEO Survey respondents saying they have positive or very positive expectations. Not only is this figure down from the previous survey conducted in 2017, when 77% of CEOs were positive or very positive, but it also is low relative to our findings in other African markets. For instance, in Morocco and Egypt this figure stood at 73% and 95%, respectively, in our latest CEO surveys, while 73% of respondents in Côte d’Ivoire and 93% in Ghana had positive or very positive expectations.
Tax reform has been front and centre of President Rodrigo Duterte’s policy agenda since the combative former mayor of Davao City was elected to the Philippines’ highest office in 2016. Indeed, enhanced revenue mobilisation from a more efficient and effective tax system is seen by the Duterte administration as a key component of plans to address nationwide infrastructure gaps and deliver ambitious social programmes such as universal health care. While these big-picture policies should help foster inclusive and sustainable economic growth over the long term, the tax reforms that have been pushed through so far have been met with mixed reactions from the business community and the general public.