Statistics Mauritius has estimated an economic contraction of 2.0 per cent in the first quarter of 2020. The fall in real output occurred primarily in the accommodation and food service sector, the manufacturing sector, and the distributive trade sector. Real output is projected to decline substantially in the second quarter of 2020. 24. Domestic inflation has remained low and stable.
Inflation in June 2020 was 1.8 per cent. 25. The economic fallout is adversely altering labour market dynamics. Foreign exchange market 26. Since the onset of the crisis, activity on the foreign exchange (FX) market has been low. FX turnover fell by around 53 per cent in the second quarter of 2020, relative to the corresponding period of 2019.