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[Document] Conjoncture mai-juin 2024

Le journal bilingue de Pluriconseil est disponible et pour la 129e édition il est question de « The medium-term macroeconomic conundrum » par Sameer Sharma.

Dans son article, elle écrit:

Higher than expected inflation numbers, when coupled with the relative strength of the economy of the United States, kept the US dollar on a strong footing so far this year relative to most global currencies and to the Mauritian Rupee which hit an all-time low versus the greenback and gold earlier recently. While external factors, which include geopolitical risks, have contributed to the Rupee’s continued slide, these exogenous factors do not tell the full story. At the core of the Mauritian Rupee’s ills remains an obsession with a debt-fuelled consumption model in a country in which the bulk of consumption largely depends on imports.

Eric Ng Ping Cheun titre « La place de la culture »,

De par ses mesurettes sucrées à l’endroit des consommateursélecteurs, le budget national est devenu un outil de redistribution à des fins politiques, et non plus un instrument de stratégie économique. Déjà, les incitations économiques ne suffisent pas à motiver les opérateurs. Tout aussi importante pour la croissance économique est la culture, qui englobe les croyances, les valeurs et les préférences.

Pour sa part Daniel Lacalle a choisi le titre « Unsustainable public debt destroys the middle class » et qui parle de la dette qui touche la classe moyenne d’où le titre, il débute son article comme suit:-

In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”. There is a widespread idea that the fiscal imbalances of a world reserve currency issuer would end in an Argentina-style bankruptcy. However, the manifestation of unsustainability did not even appear as drastic in Argentina itself. Hey, Argentina continues to exist, doesn’t it?

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