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 [...]
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 [...]
By Vidur Ramdin In the energy-sapping miasma of a virus-infected world, the launch of the world’s biggest free trade area, the African Continental Free Trade Area (AfCFTA), feels exhilarating. Right now a lot of us are struggling to conceptualise what next month looks like (hint: it involves sweatpants), but suddenly here is a 50-year [...]
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 [...]
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 [...]
By Eric Ng Ping Cheun The Mauritian economy is in a dire situation. All the fundamental economic indicators were in the red last year, and they would not improve much in 2021. In a bid to mitigate the dramatic economic impact of Covid-19, the Mauritian government has opted for the easy way out by [...]
By Sameer Sharma All large political parties in Mauritius have socialist sounding names, but it is very hard for this author at least to argue that any of these traditional parties and the capitalist loving BMW driving politicians have anything socialist about them. In fact I have never been able to get a straight [...]
Par Amit Bakhirta « Inventez-vous, puis réinventez-vous. » Charles Bukowski L’année 2020 a indubitablement été une année qui a ramené notre monde à une réalité oubliée mais aussi brutalement réelle : celle de la supériorité de la nature sur l’humanité. Elle nous a très certainement rappelé que nous restons humblement vulnérables à son évolution, à [...]
By Eric Ng Ping Cheun Policymakers, in Mauritius as elsewhere, have been pumping money into the economy in a bid to mitigate the disastrous impact of the Covid-19, let alone to restore economic growth. Such a policy is based on the monetarist assumption that more money always leads to more spending. Still, Mauritius’ real [...]
By Sameer Sharma As we look forward to 2021 and to the prospect of vaccines allowing us to get our lives back in order, from an economic standpoint at least, the world economy has recovered well and the COVID impact is looking shallower than what was initially thought. When applying non-linear machine learning ensemble [...]
Stay In Touch