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Mauritius: The economy growing between 3.5% to 3.9% for 2014, according to the Mauritius Commercial Bank

On the eve of the presentation of the 2014 Budget by the Minister of finance Xavier - Luc Duval on November 8, the Mauritius Commercial Bank (MCB) has just published its latest MCB Focus sifting through the Mauritian economy.
The Bank forecasts growth of the economy on the island, between 3.5% to 3.9% in 2014 compared to 3.2% for the year 2013, with an increase in the unemployment rate which is expected to exceed 8%.

The MCB also recommends that the economic performance of Mauritius for the year 2014 must be supported by "the revival of investment" notably to the private sector with "pragmatic policies" and "a strengthening of job creation", while now "a low tax system to preserve the confidence of the business world".
The Bank also points the finger in his report a budget deficit for 2013 which should be around the 3.5% instead of the initially planned 2% and which may have implications for the policy of the Government borrowing and an upward trend in the debt, as indicates the newspaper Le Défi Quotidien.

Fabrice François

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