A new IMF working paper on Mauritius, tauntingly entitled “Mauritius: The Drivers of Growth – Can the Past be Extended”?2 examines our growth record as the economy revved up from an average growth rate of 2.4% in the 1960’s to 6% in the 1970’s, to then decelerate to 4.4% in the 2000’s.
Indeed, I find it almost uncanny how the conditions impacting recent disruptions in Trinidad and Tobago’s financial safety net, almost mirror the circumstances surrounding the origins of the DIC some 25 years ago. Regulatory failure Back then, you may recall that the Trinidad and Tobago economy was painfully adjusting to the end of its second energy boom.