It was under our impulse that Mauritius successively became a member of PTA, the Preferential Trade Area which was the precursor of the present COMESA, the Indian Ocean Commission of which I was a founder-member, SADC, the Cross Border Initiative and the Indian Ocean Rim-Association for Regional Cooperation.
Expectations of large and increasing deficits in the future could inhibit current household and business spending – for example, by reducing confidence in the longer-term prospects for the economy or by increasing uncertainty about future tax burdens and government spending – and thus restrain the recovery.