Mauritius: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mauritius

IMF Staff Country Reports, February 12, 2010

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Output growth slowed from "4.2 percent per year in 2008" to "less than 2 percent in 2009".
Growth drivers contracted, weakening domestic expansion.
Growth prospects depend heavily on the global economy, especially the EU.
Inflation has fallen to the "low single digits" due to lower global food and commodity prices and the domestic economic slowdown.
The current account deficit narrowed as lower imports more than offset the contraction of external demand.

GDP growth: "4.2 percent per year in 2008" -> "less than 2 percent in 2009".
Inflation: "fallen to the low single digits".
Current account: deficit narrowed driven by import compression exceeding external demand contraction.
External dependence: significant exposure to developments in the EU and the global economy.