![]() This is bearing in mind that the same World Bank revised its growth forecast several times downwards in 2019. The World Bank, as usual, seems to have an optimistic forecast of 2.5% growth for the global economy compared to 2.4% in 2019. That was the aim post financial crisis.Ģ020 doesn’t seem to be improving with major downside risks still hanging around. The mantra has been: pump money in and hope that this will boost and kickstart the global economy. This ongoing growth has come off the back of major quantitative easing with low interest rates in major economies. The global economy went through an unsurprising slow-down in 2019 after almost a decade of a bull-run, global growth streak since the financial crisis of 2007/08. So what’s the status of the global economy? And let’s not forget our financial services sector which is reliant on foreign investors’ money passing via Mauritius. ![]() We also import pretty much everything we consume. More so today, given the fact that we are an exporting nation - be it goods or services, including the tourism sector. Mauritius is part and parcel of the global economy and it is influenced by what happens elsewhere. We can no longer look at Mauritius in isolation when making an analysis of its economic performance and deciding on its future and vision of where we would like Mauritius to be. You can view the full article by clicking here. ![]() *Below is an article that I recently wrote for Le Defi Media in Mauritius. ![]()
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