Country Economic Forecasts - Reunion

Country Economic Forecasts - Reunion

GDP contracted by 7.8% in 2020, with all major economic sectors recording losses in turnover. Although more Reunionese staying on the island for their end-of-year holidays helped boost consumption, GDP fell by 1.2% in Q4 and turnover in tourism, construction and services remains below 2019 levels. We expect these industries to recover next year with GDP growth of 12.9% and 3.2% in 2021 and 2022, respectively, but this will depend on the evolution of future lockdowns that may restrict activity in these sectors.