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Private sector concerned about Mauritius' economy.
Port Louis, Mauritius (PANA) - The growth rates per sector of the Mauritian economy, except for sugar, have all taken an upward trend, said Raj Makkoond, director of the Economic Council (JEC).
"But the growth estimates are the lowest recorded over the last 10 years. During this period, the gross domestic product (GDP) was at the order of 6 percent. But last year, the statistics board reduced the growth estimates that dropped from 5.9 percent to 5.3 percent. This year, the estimates are at the order of 5.3 percent," he added.
According to JEC, the textile sector's growth in the free zone is a source of concern as it dropped from 6.9 percent to 6 percent.
"This year, a 4 percent rate is estimated for this sector", he said.
On tourism, the sector hopes that the one percent growth rate noted in 2001 will rise up to 4 percent.
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