Finance
Mauritius to Grow Over 6% in 2023, but Global Slowdown Will Weigh
Published on
Author: DISHA PRAFUL SUKHANI
Key Highlights:
- Gross FDI improved 40% y-o-y to MUR 7,236 million in Q1 2023, led by inflows into the real estate sector.
- CPI inflation moderated to 5.9% y-o-y in July from 7.9% in June.
- Core inflation eased to 4.3% y-o-y in July, its slowest pace since early 2021.
- Trade deficit narrowed to MUR 15.4 billion in June, from MUR 21.5 billion a year ago.
- Weaker demand for Mauritius’ merchandise exports and high dependency on imports could hurt the trade position going ahead.
- FX reserves remained broadly unchanged at MUR 306.1 billion in July, with an import cover of 10.3 months.
- Tourist arrivals stood at 107,832 in July, up 31% over the previous month.