Bad season than 2024. The worst in history, assures the Reunion Chamber of Agriculture: sugar cane production has capped at 1.13 million tonnes, down 15% over one year. The island's flagship product is not the only one to suffer. The lychee suffers from the drought, the fruit trees from the Asian fly. Climate disruption, reduction in cultivated areas, insufficient income for workers… The primary sector faces existential challenges. He is not the only one.
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The region's SMEs, the bedrock of its economy, are suffering from the drop in household consumption and the fiscal uncertainty born from the government crisis in Paris. “At the end of 2024, the 4,000 companies on the panel of the order of chartered accountants are experiencing a drop in their turnover for the fourth quarter in a row”notes its president, Katy Hoarau. In 2023, the Issuing Institute of Overseas Departments (Iedom) takes over, “the economy has slowed significantly against a backdrop of inflation, creating three times fewer net jobs than the previous year”. All sectors are experiencing a less favorable situation.
Is Reunion stalling? The island remains an example of success overseas, a modern economy, supported by market services and its market of 886,000 inhabitants. With its research infrastructure and qualified workforce, it is “Europe in the middle of the Indian Ocean”, “the ideal beachhead”praises the government promotional tool Choose France. But the boom in the region, which was kicked off by the tax exemption laws of 1986 and allowed the people of Reunion to escape poverty through massive public investment, has passed.
“The suffering is strong”
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