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This report contains the “Phase 2: Implementation of the Standards in Practice” review, as well as revised version of the “Phase 1: Legal and Regulatory Framework review” already released for the Seychelles.
In 2012, the Seychelles’ real Gross Domestic Product (GDP) growth slowed further to an estimated 2.8%, from 5% in 2011. Despite this, the performance was positive considering the uncertain global environment on which Seychelles’ economy depends...
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In 2011, the Seychelles economy, as measured by real growth in gross domestic product (GDP), is estimated to have grown at 5.0%, which, although slower than the GDP growth rate of 6.7% in 2010, is higher than was expected at the beginning of 2011 ...
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In 2010, the Seychelles economy recovered after important measures were taken to address the 2008 debt crisis. The country also weathered the recent global financial and economic crisis relatively well. Driven by the tourism industry, which accounts...
The Seychelles economy is driven by tourism and fish exports. In 2009 it experienced an estimated negative growth rate of 6.8% as a result of a decline in tourism and tuna export earnings, which fell by about 12% and 8% respectively. Furthermore ...
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GROWTH IN THE SEYCHELLES SLOWED sharply in 2008, falling to an estimated 1.5 per cent, down from 5.5 per cent in 2007. The country suffered a severe balance of payments and debt crisis in 2008 brought on by unsustainable macroeconomic policies and ...
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