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The Mauritian economy grew by 2.9% in 2013, according to the Board of Trade and Industry and below the official forecast




The Mauritian economy grew by 2.9% in 2013, according to the Board of Trade and Industry and below the official forecast
The Board of Trade and Industry of Mauritius (MCCI) has just released its forecast for growth of the Mauritian economy for 2013.
 
The MCCI expects growth of 2.9% of PIB, below the 3.5% forecast by the official statistics (Statistics Mauritius).
 
The Board of Trade and Industry also expects inflation of around 4% and an unemployment rate of around 8.6%, as shown in the newspaper Défi Quotidien.
 
According to one economist, co-author of the report "Economic Outlook 2013", "the vicious circle so much dreaded, slow growth, declining profitability, investment levels falling, falling productivity, declining tax revenues, public deficit increase, rising unemployment and further weakening of the production capacity, be accurate and may lock us", said Renganaden Padayachy.



Fabrice François

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