BMCE Capital Securities Annual Strategy 2017-2018 -English- “Tunisia: Back to race in 2018?
- Slight recovery in growth with a worsening of macroeconomic imbalances in 2017 (rise in twin deficits, increase in inflation and unemployment) ...;
- ... which should, however, begin to shrink thanks to the taxation reform introduced in the 2018 Finance Bill and thanks to the civil service reform;
- Satisfactory performance of the stock market in 2017, particularly in the technology and industrial goods and services sectors ...;
- ... And, a year 2018 marked by the introduction of new regulatory measures and favorable prospects for exporting companies in the wake of the depreciation of the Tunisian Dinar.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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