Don't Miss

Mauritius may cut 2012 GDP forecast further: cbank

By on June 12, 2012

Mauritius may have to again revise downwards its 2012 economic growth forecast if the global economic outlook keeps worsening, the central bank’s governor said on Tuesday.

“Mauritius could lose 0.5 to 0.6 percentage points with regard to (the) 3.8 pct growth forecast this year should the global economic situation deteriorate further,” Bank of Mauritius Governor Rundheersing Bheenick told a news conference.

Mauritius left its key repo rate unchanged at 4.90 percent on Monday, in line with market expectation, but cautioned there were clear downside risks to the Indian Ocean island’s economy that threatened the export sector in particular.

Reuters.

About AfricaTimes

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.