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Mauritius Economic Growth Set To Beat Expectations

by Lorys Charalambous, Tax-News.com, Cyprus

03 November 2006


In spite of the difficult economic situation, next year's economic growth for Mauritius may be more than the 4.6% expected for 2006, according to Deputy Prime Minister and Minister of Finance and Economic Development, R. Sithanen.

Sithanen told a press conference last week that 2007 will be a year of high investment for the country and will reach around R20 billion (US$605 million), of which R8.9 billion is expected to be invested in the industrial sector.

Several other sectors, such as textiles, logistics, tourism, ICT, seafood, energy and integrated resort schemes are also likely to attract higher levels of investment, said the minister.

Unemployment has also fallen for the first time since 1991 to 9.4% this year, compared with 9.6% in 2005.

As a result of the government's economic reforms, Sithanen predicted that future growth rates of between 6% and 7% will be attained.

"The participation of all stakeholders on a sustained basis is very important," Sithanen stated.


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