Off the wire
• FLASH: 5.9 MAGNITUDE EARTHQUAKE HITS PARTS OF PAKISTAN -- MET OFFICE  • Singapore stocks close 0.78 pct higher  • (Sports Focus) Perrin ends doomed coaching stint in China  • Foreign exchange rates in Singapore  • China's Hebei to cut iron, steel production in 2016  • Roundup: HK stocks snap four-day losing streak, key index up 0.59 pct  • ASEAN condemns DPRK nuclear test  • Brisbane International results  • 4 killed, 30 injured in traffic accident in western Turkey  • Hong Kong stocks rise 0.59 pct  
You are here: 　 Home

Mauritius economy to expand by 3.7 pct in 2016: World Bank

Xinhua, January 8, 2016 Adjust font size:

Mauritius' Gross Domestic Product (GDP) will expand by 3.7 percent in 2016, the World Bank said in its "Global Economic Outlook" that was released on Wednesday.

The forecast represents a slight increase of 0.2 percentage point for the 2015 forecasted growth, the World Bank added.

The World Bank was more cautious than the International Monetary Fund which estimated that Mauritius' economy will grow at 4 percent in 2016.

As for the Sub-Saharan Africa region, the World Bank said the economic expansion will surpass the 3.4 percent registered in 2015 to 4.2 percent, mostly due to "stabilization of prices of basic products."

The performance will vary from one sub-region to the other, and the two biggest economies on the continent, Nigeria and South Africa, will each record GDP growth of 4.6 percent and 1.4 percent respectively (against 3.3 percent and 1.3 percent in 2015).

The highest expansion rates in Africa will be in Ethiopia (10.2 percent), Democratic Republic of Congo (8.6 percent) and Cote d'Ivoire (8.3 percent).

The global economy is expected to expand by 2.9 percent in 2016 against 2.4 percent in 2015, the World Bank report said. Enditem