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Seychelles' economy growth seen above 5.0 percent in 2017: IMF

Published March 21, 2018 Updated March 21, 2018 10:56am

"Macroeconomic performance continued to be strong in 2017. Economic growth is estimated to have exceeded 5.0 percent," IMF mission chief Amadou Sy said in a statement issued on Tuesday.

It said inflation in the Indian Ocean country reached 3.5 percent by the end of 2017.

Inflation in the Seychelles rose to 4.88 percent year-on-year in February from 4.5 percent a month earlier.

IMF said Seychelles' economy outlook for 2018 remained positive but added it was still vulnerable to external factors that could affect tourism.

 

Copyright Reuters, 2018