Bank of Mauritius - Annual Report 2005-2006

According to the Bank of Mauritius' Annual Report 2005-2006, the economic performance during fiscal year 2005-06 was characterized by a real GDP growth of 3.5 per cent, and an increase in the budget deficit as a proportion of GDP to 5.3 per cent.

Mauritius also saw an increase in the unemployment rate to 9.6 per cent, a deficit on the current account balance and overall balance of payments as well as a drop in the level of gross foreign exchange reserves of the central bank. However, net

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