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Mauritius: The economy grew by 3.3% in 2013, according to the Mauritius Commercial Bank




Mauritius: The economy grew by 3.3% in 2013, according to the Mauritius Commercial Bank
The Mauritius Commercial Bank (MCB) has released its latest MCB Focus.
 
The bank expects growth of the Mauritian economy of 3.3%, just below the official forecast issued at 3.5% (Statistics Mauritius), with an unemployment rate of 8.4% and an inflation rate of 4, 5% and 5%.
 
MCB analysis and economic performance of Mauritius for the year 2013 "can be considered below normal, compared with medium-term objectives".
 
The bank also presents forecasts for all sectors of the Mauritian economy.

Industries related to seafood as well as the Information and Communication Technologies are expected to grow, despite economic conditions considered "difficult".
 
Financial activities in Mauritius also maintain a "significant" qualified growth.
 
In contrast, the sugar industry due to a redeployment of its activities and following the drop in production will have its value reduced.
 
The MCB also contemplated that the tourism sector "anchored on shaky ground" should experience moderate growth and be close to one million tourists in 2013, as officially announced.
 
Furthermore, the construction should still not be at the party for the third consecutive year, with a "significant contraction in 2013".



Fabrice François


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