The financial scenario of abroad deteriorated in 2024 | EUROtoday

“The vulnerability of French overseas is increasing” and their “Economic dynamics are hooked”. The statement drawn up by the Institute for the difficulty of Ultramarian Departments and Territories (IEDOM), their central financial institution, in its annual evaluation introduced on Tuesday, April 29, doesn’t relate to optimism regardless of the voluntarist speeches of the federal government.

In a troublesome scenario, the IEDOM utilized abroad the drop in guiding rates of interest determined at European degree to help consumption and funding. But financial coverage can not do every thing, and from Martinique to New Caledonia, the shocks that these already fragile economies should be repeated from the Pandemic of COVVI-19: cyclones, tensions linked to costly life, riots, unfavorable anticipations linked to American isolationism.

In Reunion, the Belal cyclone led to a rise in meals costs of 36 % two months after the catastrophe, their degree discovering the “normal” solely ten months later – figuring out that the pre -existing variations with France already amounted to 30 %. In Mayotte, based on the newest conjuncture survey by IEDOM with its enterprise panel, nearly all of them (96 %) declared a complete or partial degradation attributable to Hurricane Chido.

You have 72.49% of this text to learn. The relaxation is reserved for subscribers.