We hope that L’Association des Consommateurs and other efforts in the field of financial education would lead to changes in consumption patterns through better informed consumers. Some people have expressed concern that there might be in Mauritius what is called stagflation.
Stagflation had made the headlines in the late 60s, early 70s, to describe the problem which the British economy was facing at that time. We are very far from this situation – we have a high growth rate, not far from our trend growth rate. Firstly, a feature of stagflation is that the economy should be stagnating.