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Fitch: Mauritius current account deficit could narrow in 2022

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Fitch: Mauritius current account deficit could narrow in 2022

Mauritius’ current account deficit could narrow as tourism receipts strengthen, according to a commentary by Fitch Solutions.

It forecasts that Mauritius’ current account deficit will narrow from 17.7% of GDP in 2021 to 16.9% in 2022.

While rising commodity prices will increase the country’s import bill, this will be offset by a strong recovery in tourism receipts, it added.

It also forecasts that the current account deficit will narrow further to 13.3% of GDP in 2023.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.