Macroeconomic Forecast Mauritius

BMI View: We anticipate that the Mauritian current account deficit will deteriorate slightly to 8.5% of GDP in 2012, from 7.6% in 2011, before making a modest rebound to 7.2% in 2013. An outlook for weak eurozone growth and stubbornly high oil prices informs our view. While we believe this will be financed by surpluses in the capital and financial accounts, we caution that the volatile nature of bank accounts from foreign depositors could present balance of payments risks in future.

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