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Thursday, February 9, 2023

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CATEGORY

Economy

Get to know about the latest news and events as it happens from the world of economy from Mauritus and all over the world.

Economy

India Raises Its Defence Budget By Nearly 13% to $72.6 Billion

Vaishali Shastri -
India on Wednesday suggested spending 5.94 lakh crore ($72.6 billion) on defense for the fiscal year 2023–2024, an increase of nearly 13% from initial...
Economy

Lebanon Devalues Its National Currency By 90%

Vaishali Shastri -
On Wednesday, Lebanon depreciated its official exchange rate for the first time in 25 years, lowering it by 90% while maintaining a significant undervaluation...
Economy

UK, The Only G7 Economy Forecast To Shrink In 2023

Vaishali Shastri -
The United Kingdom will witness a huge decline in its economy and perform much worse than other bigger economies in 2023, said the International...
Economy

The World Bank Forecasts 5.5% Growth For Mauritius In 2023

Staff -
This is what the institution indicates in its Global Economic Prospects for 2023. According to its forecasts, the World Bank estimates that Mauritius will...
Local News

Bank Of Mauritius Forecasts A 5 Percent Growth For 2023 For Mauritius

Vaishali Shastri -
The latest IMF World Economic Outlook expects global output growth to amount to 2.7 percent, with a 25 percent probability of decreasing below 2...
Economy

High Inflation – The Central Theme Of 2022!

Mayank Srivastava -
As we move into 2023, the global economy continues to face a confluence of challenges. Inflation has dogged markets this year, with Inflation at...
Economy

Growth: Our Target Of 7.2% Reached By End Of 2022, Says Padayachy

Staff -
The 7.2% growth target for 2022 will be achieved by the end of the year. This is what Renganaden Padayachy, Minister of Finance, said...
Economy

The Compensation Of Rs 1000 Would Allow The Country To Move Forward Post-COVID 19 Said The Finance Minister

Staff -
A monthly salary compensation of Rs 1,000 would be paid to workers, across the board, as of January 2023. This was announced by the...
Banking

The BoM Sold Another $100 Million On The Foreign Exchange Market

Staff -
The Bank of Mauritius (BoM) has once again intervened in the foreign exchange market. On Wednesday, it sold $100 million at Rs 43.65 each...
Economy

Exports: Mauritius Expected To Attain Its Set Target Of Rs 50 Billion By End 2022

Staff -
Mauritius is on the right track to increase its exports to attain the target of Rs.50 billion at the end of 2022, stated the...
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