This is what the SBM Insights says. Growth for 2023 will be around 5.3%. For this year, it will oscillate between 6.5 and 6.7%. According to the economic publication of SBM Group, the Mauritian economy is showing increasingly perceptible and widespread signs of recovery, supported by business confidence. Based on the latest data and considering international market developments, SBM has updated its forecast in this 12th edition in a challenging global context. For 2023, the banking group forecasts a growth rate of around 5.3%.
“In light of these observations, Mauritius faces the following challenges: (i) sustaining economic recovery while promoting financial stability; (ii) providing targeted and continued support to vulnerable groups; and (iii) implementing an effective mix of fiscal, monetary, macroprudential, and structural policies that would promote high, sustainable, and job-rich GDP growth over the medium term,” said Mr. Nuvin Balloo. The 12th edition of SBM Insights is available for free download on the SBM website, www.sbmgroup.mu.
