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As agriculture slows, Mauritius cuts 2018 growth forecast

The economy of Mauritius is expected to grow by 3.9 percent this year, down from a previous forecast of 4.0 percent in December, due to an expected slowdown in agriculture and fishing activities, the statistics office said on Friday.


Reuters Mauritius
Updated: 30-03-2018 15:11 IST
As agriculture slows, Mauritius cuts 2018 growth forecast

The Indian Ocean island economy expanded by 3.8 percent in 2017, lower than the previous estimate of 3.9 percent. (Image credit: Pixabay)

The economy of Mauritius is expected to grow by 3.9 percent this year, down from a previous forecast of 4.0 percent in December, due to an expected slowdown in agriculture and fishing activities, the statistics office said on Friday.

The Indian Ocean island economy expanded by 3.8 percent in 2017, lower than the previous estimate of 3.9 percent.

Statistics Mauritius said agriculture would expand by 1.1 percent this year instead of 2.0 percent, due to no growth in sugarcane and lower growth in other agricultural activities.

Mauritius, which markets itself as a bridge between Africa and Asia, has been working to shift the economy from reliance on sugar, textiles, and tourism towards offshore banking, business outsourcing, luxury real estate and medical tourism.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : Mauritius

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