Africa-Press – Mauritius. Economist Rajeev Hasnah’s take is that Mauritian economy, through a built-up resilience, has allowed the Ministry of Finance to navigate the Covid and ongoing Ukraine crisis, although by means focusing on the short-term through the printing of Rs 140 billion, which is an amount higher than the country’s broad money supply in 2019 itself. Further, the increase in public debt to Rs 484 billion in March 2023 from Rs 327 billion in December 2019, an inflation rate hovering close to 10%, an ageing population and a projected increasing government spending in both debt servicing and social benefits as well as other infrastructural projects, will impact the medium-term and long-term economic outlook of the country.
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