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- Create Date December 8, 2023
- Last Updated December 16, 2023
Mauritius’s economy has had a mixed recovery from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The Bank of Mauritius (BoM) has an explicit inflation target band of 2-5% around the medium-term targeted rate of 3.5%. The Government of Mauritius has followed prudent fiscal policy by raising government spending during economic downturn and decreasing public spending during economic recovery. Mauritius’s external sector was not severely affected by the COVID-19 pandemic in 2020 but has not benefited from the higher commodity prices in the aftermath of the Russia-Ukraine conflict in 2022. Mauritius is scheduled to hold its general elections in 2024. Mauritius remains politically stable with the ruling MSM maintaining its majority in parliament and no significant challenges to Prime Minister Pravind Jugnauth's leadership. Read more accurate and balanced analysis of the political economy in Mauritius here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-mauritius-1h2023-24/.
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