Tunisia's discount season sluggish due to weak purchasing demand

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Tunisia's discount season sluggish due to weak purchasing demand

STORY: Tunisia's discount season sluggish due to weak purchasing demand DATELINE: Aug. 8, 2022 LENGTH: 00:01:00 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of shopping malls in Tunisia STORYLINE: Tunisia's six-week summer discount season starting from July 4 remains sluggish amid one of the worst crises in decades. However, local media reported that due to the sluggish economy, the purchasing demand of local people has declined and this year's discount season has been ignored by many. The Tunisian economy has gone from bad to worse in recent years. While the economy has struggled since the Arab Spring uprising in 2011, its problems are aggravated by the COVID-19 pandemic that broke out in 2020, when Tunisia's gross domestic product (GDP) contracted by an unprecedented 8.8 percent. In April 2021, Tunisia started to seek a 4-billion-U.S. dollar loan from the International Monetary Fund (IMF), which was described by then Prime Minister Hichem Mechichi as the "last opportunity" to rescue the c

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