Ibrahim Malleck: "This is not a domino effect, but a surge"

Beyond the energy sector, the entire economy is at risk of being affected. The rise in fuel costs could lead to increased electricity rates, as well as higher transport and consumer product prices. The price of bread, which heavily relies on production and transport costs, may also be impacted. Similarly, public transport, already under pressure, could face fare adjustments.

According to economist Ibrahim Malleck, the crisis extends far beyond a simple chain reaction. "The crisis has already affected all countries globally. Mauritius is not spared, as we are a major importer, whether it be for food or petroleum products. I am not talking about a mere domino effect, but rather a surge in terms of increases due to imported inflation. Mauritius will be hit hard in the coming weeks," he warns.

He also notes that even if tensions ease, a quick return to normalcy is not guaranteed. "Even if the war ends, things will not stabilize immediately. With the pressure on energy, the aviation sector will also be impacted. This is already the case for some international airlines, which have introduced a 'war tax' on certain flight tickets, potentially affecting the tourism sector," he explains.

Ibrahim Malleck emphasizes that price increases are now unavoidable. "Mauritians must understand that there is no way to prevent price hikes, as they have already begun to rise since the early days of the war. We remain very vulnerable," he asserts.

In his analysis, the economist also points out a lack of long-term foresight. "With the current situation, it becomes clear that Mauritius has not managed to stabilize its economic resilience. We must prepare for the future; otherwise, we will continue to suffer the consequences of every geopolitical change," he concludes.

Faced with this delicate equation, the government is under pressure, forced to make difficult choices between economic stability and preserving purchasing power, in a context where any decision risks carrying political costs. Mauritius is not at war. Yet, with each spike in oil prices, its entire economy wavers, reminding us that no country is immune to the world's tremors.