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Mauritius: The international monetary fund readjust its growth forecasts for the Mauritian economy

The international monetary fund (FMI) which aimed in mid-April on a growth of 3.7% of the Mauritian economy for this year has lowered its growth forecast for 2014.
For its last report dated 8 October last, the FMI forecasted and increase of gross domestic products (PIB) of 3.3%.
For 2015, the FMI has also readjust its growth forecasts for the Mauritian economy of 4% to 3.9%, as reported the hebdomadaire Capital newspaper.
As a reminder, the official organism, Statistics Mauritius, had already on its side lowered, in late June, its growth forecast of the Mauritian economy for the year 2014 from 3.7% to 3.5%.
The construction market on the island in decline and a lower growth of the manufacturing sector are the two main reasons which explains this readjustment.
On its side, the Chamber of commerce and industry of the island (MCCI) also aimed on its side on a quite similar growth rate of around 3.4% for 2014 and an inflation which should reach 4% against 4.5% in 2013.
Unemployment should also touch 8.2% of the population active in 2014, according to the MCCI forecasts.

Fabrice François

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