Mauritius: Likely growth rate cut to 3.2%

Mauritius’s statistic office has cut its economic growth forecast for this year to 3.2 percent from 3.3 percent, mainly due to a deeper-than-expected contraction in the construction industry. Statistics Mauritius predicted yesterday that the construction sector would shrink 9.4 percent instead of the 7.7 percent contraction expected earlier. “This is mainly explained by delays in some major private construction projects,” it said. – Reuters