There is no doubt that compared to the 1980s, we are in a better position now to withstand a global down-turn. But borrowing from the current lexicon, we have by no means de-coupled and a global slowdown could present a new set of challenges and at least slow our advance to our 20/20 vision.
Of the six broad criteria that define the presence of fundamental disequilibria in an economy none of them is palpably present in the current state of the Mauritian economy. Instead, Mauritius is for the first time in its history recording four successive years of current account surpluses in its balance of payments. The overall balance of payments surpluses are significant.