Content type

Mauritian Growth To Slow In 2024, Despite Upward Revision

Country Risk / Mauritius / Wed 04 Oct, 2023

Key View

  • We have revised up our 2023 Mauritius economic growth forecast to 5.7% (from 4.5%), following a higher-than-anticipated Q223 growth print of 6.0% y-o-y.
  • In 2024, we forecast that growth will moderate to 4.5% (revised up from 3.7%) but remain above the 2013-2022 average of 2.2% amid slowing inflationary pressures and easing
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Mauritian Economic Growth To Slow To Trend In 2023 & 2024

Country Risk / Mauritius / Mon 03 Jul, 2023

Key View

  • We forecast that Mauritius’s economic growth will slow to 4.5% in 2023, from 7.8% in 2022.
  • Although elevated inflation will slow private consumption growth, consumer activity will still drive growth, supported by falling unemployment levels and rising government spending on social benefits.
  • Despite stronger tourism receipts
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Mauritius's Economy To Grow On Rising Private Consumption

Country Risk / Mauritius / Fri 29 Jul, 2022

Key View

  • At Fitch Solutions, we forecast that Mauritius’s economy will grow by 5.5% in 2022, up from 4.8% in 2021, driven by strengthening consumer activity.
  • Private consumption will continue to rise as government support measures cushion households against elevated inflation.
  • In 2023, we forecast that economic growth will slow to 4.2% -
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Bank Of Mauritius To Hike Policy Rate In 2022 And 2023

Country Risk / Mauritius / Fri 07 Jan, 2022

Key View

  • At Fitch Solutions, we forecast that the Bank of Mauritius (BoM) will hold its policy interbank rate in H122, before hiking by 40 basis points (bps) to 2.25% in H222 as strengthening economic activity allows the BoM to normalise monetary policy.
  • Above-average inflation and a global trend of monetary tightening will encourage the
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Mauritian Current Account Deficit To Narrow In 2022

Country Risk / Mauritius / Thu 30 Sep, 2021

Key View

  • At Fitch Solutions we forecast that Mauritius’ current account deficit will narrow to 15.8% of GDP in 2021 from 16.6% in 2020.
  • Although we expect a recovery in demand in key Mauritian export markets, merchandise imports will continue to outweigh merchandise exports.
  • In 2022, the current account deficit will narrow to 12.8% of
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