Finance & Economy
Mauritian Economy Grows 6% in Q2 2023
Published on
Author: DISHA PRAFUL SUKHANI
Key Highlights:
- GDP advanced by 6% (y-o-y) in the Q2 2023 from 5.8% in Q1.
- Headline inflation moderated to over 2-year low of 5.2% y-o-y in September as food inflation eased.
- Core inflation remained unchanged at 4.5% y-o-y in September.
- Trade deficit widened to MUR 19.1 billion in August as imports rose 11% y-o-y.
- Improvements in the external sector led to narrowing of CAD to 6.5% of GDP in Q2 from 15.7% a year ago.
- Forex reserves slipped to a 4-month low of USD 6.5 billion, providing import cover of 9.9 months.
- Tourist arrivals fell for the second straight month in September to 97,838.