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Somber Prospects for Madagascar’s Economy

Noro Andriamihaja's picture

Madagascar’s economy has been in recession since the beginning of the political crisis in March 2009, and prospects for 2010 don’t look too promising.  The prudent fiscal policy adopted by the Government will be increasingly difficult to sustain in 2010. Key financial indicators continue to be vulnerable to policy shifts and shocks, and export competitiveness losses have begun to create pressures on the balance of payments.  All in all, a major turnaround in the downward trend of economic activities is unlikely to occur in 2010.

See an assessment of the Madagascar economy here.

Comments

Submitted by Anonymous on
There is no price to pay, to obtain freedom and real democracy. Madagascar does'not more accept new colonisation, from America or France. Malagasy people have to choice his own future. Economic problems 'll be solved later, when politic 'll be stabilised. With "mondialisation" or "globalisation", Madagascar have to choice real partners to it's sustainable developement.

Submitted by Anonymous on
People of Madagascar should not pay for the mistake/errors and selfishness of the politicians. Indeed, we deserve freedom, democracy, progress and better life, but not through this awful process. I am sure, there is an other way to reach the ultimate goal of freedom and democracy. Madagascar is part of the international community and need to re-determine its relationship to the actual developed countries like France and US, but Madagascar needs also to position itself in the future with the emergence of the BRIC countries (Brazil, Russia, India and China). We should not misuse the powerful concept of "NATIONALISM" to justify the political short-mindedness. So, Madagascar needs urgently a new true leadership!!!

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Submitted by gwane on
We should be more practical this days. We all know that we are facing economic crisis and we must think a hundred times before doing an action. These days, I lay off the credit cards and only use debit cards if I use plastic. Hardly anyone carries cash anymore, and an actual check is seen as an anachronism. Merchants that don't take plastic are becoming fewer and far between. It isn't as if those machines cost more than a payday loans worth – in reality less. I try to stick with Visa Check Card (or the debit card with the MasterCard logo – I have two of them) and not use credit cards as much. It isn't as if there's any interest involved.

Submitted by Rado on
At the beginning, it's obviously known that after the putsch the international community will not agree at anyway in grabbing the power in this way! So stop for the whimpining! We did it, we are only the responsible! So take our ability to respond in the right way as we want it! It was taken by gun so use guns to get it away! In past time, we didn't do like you're doing it now! Take your time to find the worst way to describe our economy now and in future! No foreigns people didn't get involved during the riot! Whatever I delighted the explanation about the prospects as an Economist! Show up all your knowledge to raise it again! Radison Célestin

The prudent fiscal policy adopted by the Government will be increasingly difficult to sustain in 2010. Key financial indicators continue to be vulnerable to policy shifts and shocks, and export competitiveness losses have begun to create pressures.Your post really informative.It will be a growing area to watch this year. Like you say, comments keep the conversation going.They also provide additional insight to the readers and the bloggers. Comments offer a different perspective and put a "face" to the readership

Submitted by Anonymous on
Has the financial prospects for Madagascar's economy improved at all since 2010, or is it to early to tell? It seems like the government needs to take a step back and reassess where they need to go forward from here.

Submitted by saon islam on
This is 2013 and I want to say that madagascar economy raising day by day. I visited madagascar last year and I noticed they are improving their economy day by day.

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