The figures are however not so bad. The country's economic growth is expected to accelerate this year to 3.7% in 2014 according to the IMF, and gradually increase to 4.2% in 2016, and then stabilized at around 4%. These forecasts are however significantly below those of the Department of Finance, which had relied in its 2014 budget, an increase of 5%. In addition, some observers point to a growth of 4% may be largely insufficient to reduce the unemployment rate, which stood at 8% in 2013. A 4% growth, however, should enable the country to achieve status of high-income countries in the coming years, provided it is maintained over time.
Another disturbing element: the signs of times that are slow to emerge. If we stick particularly in the last bulletin National Accounts of Statistics Mauritius , who notes that the Mauritian economy has experienced low growth of only 2.9% in the last quarter of 2014. Tourist arrivals, another indicator of the economic health, are not encouraging, with a decline of 0.8% recorded in the first quarter of 2014.
Stronger and wider
On the global level, however, optimism seems to be appropriate. " The recovery becomes stronger but also more broad , "said Olivier Blanchard, IMF Economic Counsellor at the publication of the quarterly report of the institution, which is entitled" Recovery Strengthens, Remains Uneven " . Global growth is expected to reach 3.6% this year, after rising 3% in 2013.
A positive point for Mauritius should be resumed in advanced economies. As regards the euro area, the IMF forecasts a return to growth of 1.2% after a 0.5% decline last year. The United Kingdom has also experienced a significant rebound, and is expected to grow 2.5% this year. Remains, however, whether this renewed growth in Europe will lead to a recovery in external demand for goods and services in Mauritius.