Economy

Demolishing the myth called interest

2021-04-20T12:19:44+04:00April 20th, 2021|Economy, Finance, News|

By Mubarak Sooltangos The world is so deeply entrenched in a monetary system where interest holds a key role, and all economics and finance professionals, worldwide, are so subdued to the paradigm that the doctoring of interest rates can change a national economy for the better that my attempt to prove the contrary may [...]

« L’économie va mourir si les frontières ne s’ouvrent pas »

2021-04-20T12:07:20+04:00April 20th, 2021|Economy, News|

Par Eric Ng Ping Cheun Interview dans Mauritius Times du 19 mars 2021 La crise sanitaire et le deuxième confinement provoquent beaucoup d’angoisse, surtout au sein de la population active. Les citoyens craignent les répercussions à différents niveaux : la fermeture d’entreprises, l’épuisement de l’épargne et la réduction de la capacité de consommation, entre autres. Les [...]

Mauritius needs fiscal consolidation

2021-04-20T11:40:13+04:00April 20th, 2021|Economy, Finance, News|

By Amit Bakhirta “Do not save what is left after spending, but spend what is left after saving…” - Warren Buffet Mauritius faces more severe long-term economic scarring than Moody's anticipated a year ago, which will reduce both economic and fiscal strength. Indeed. We today highly appreciate a first indication that our borders shall [...]

The politics of fiscal policy

2021-04-20T11:30:03+04:00April 20th, 2021|Economy, Finance, News|

By Dhanesh Narroo Fiscal policy dictates the fundamentals of the economy and governments are tasked with regulating the economy to achieve desired targets. Unemployment, economic growth and price stability are three consequential areas of fiscal policy that are crucial to the economy. However, politicians often distort figures and definitions so as to satisfy their [...]

Interest rates are increasingly looking hawkish

2021-02-18T00:18:28+04:00February 18th, 2021|Economy, News|

By Amit Bakhirta “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning…” Henry Ford (citing U.S. President Andrew Jackson, 1834) The 2020 pandemic fuelled a severe economic downfall that led the Bank [...]

Leadership deficit leaves Mauritius in limbo

2021-02-17T22:12:38+04:00February 17th, 2021|Economy, News|

By Samad Ramoly There will always be among us optimists who look at life through rose-tinted glasses, pessimists locked in the darker side of life, utopians who fantasise about a dream world, relativists obsessed with putting everything into perspective, even if it means coming to terms with mediocrity and ti lespri (bigots). All of [...]

Analysing and understanding the national savings

2021-02-17T21:54:15+04:00February 17th, 2021|Economy, News|

By Mubarak Sooltangos There have been loads of articles written, mainly by economists and finance professionals, since the start of the Covid pandemic. If we take stock of what is the real substance of these articles and opinions in this period of difficulty where deep thinking and quick initiatives are of the essence, we [...]

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