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Mauritius: Economic growth expected over 5% in 2016 and 2017

While the International Monetary Fund (IMF) in April foresaw a GDP growth rate at 3.5% for 2015 and the Mauritius Commercial Bank (MCB) was counting on its side on an economic growth of 3.9% this year, the Mauritian Finance Minister Vishnu Lutchmeenaraidoo, recently displayed in turn optimism for the next two years.
Thus, according to him, economic growth in Mauritius is expected to reach 5.3% in 2016 and exceed 5.7% the following year. The Government plans to create entirely new connected cities "Smart Cities" and the port development should boost stronger growth of the country. Vishnu Lutchmeenaraidoo even believes that Mauritius will experience full employment by the year 2017.
To recall, the number of unemployed increased in Mauritius at the end of the first quarter 2015 and is now involved 8.7% of the working age population. 50,300 jobseekers were registered at the end of the first three months of the year.


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