The balance-of-payments (BOP)-constrained growth rate is the maximum gross domestic product (GDP) growth rate above which unsustainable current account deficits emerge, forcing policymakers to implement contractionary measures that ultimately reduce…
With the COVID-19 pandemic, the tourism industry has been the hardest hit in Mauritius due to health containment measures linked to travel restrictions and the closure of borders to prevent the spread of the virus. The hotel industry attempted to…