The result of parliamentary elections in Tunisia last weekend will probably strengthen President Saied’s ability to pass laws, but could also dissuade the IMF from formally approving a financing package for the country. A sovereign default in 2023 is looking increasingly likely. Elsewhere in North Africa, Morocco is one of the EMs that could be most affected by the EU’s recently-agreed Carbon Border Adjustment Mechanism, although exposure could be mitigated if Morocco proceeds with its own plans to introduce a carbon tax. Finally, recent protests in Jordan over fuel prices threaten more pain for the already struggling economy.
This will be the last Economics Weekly for 2022. The next Weekly will be sent on Friday 6th Jan. 2023
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