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Mauritius cuts 2018 growth forecast, agriculture seen slowing

Published March 30, 2018 Updated March 30, 2018 12:22pm

The Indian Ocean island economy expanded by 3.8 percent in 2017, lower than the previous estimate of 3.9 percent.

Statistics Mauritius said agriculture would expand by 1.1 percent this year instead of 2.0 percent, due to no growth in sugarcane and lower growth in other agricultural activities.

Mauritius, which markets itself as a bridge between Africa and Asia, has been working to shift the economy from reliance on sugar, textiles and tourism towards offshore banking, business outsourcing, luxury real estate and medical tourism.

 

Copyright Reuters, 2018