15/02/2008
Driven by domestic demand and international tourism, Morocco's economy is expected to achieve a growth rate of 6.1% in 2008, the High Commissioner for Planning (HCP) announced on Thursday (February 14th). In its 2008 national economy forecast, the HCP said it expects inflation to increase slightly due to slow growth in the economies of Morocco's main trade partners, the US, Japan, and the Euro-zone. Import prices are expected to remain high and global demand for Moroccan exports is expected to decrease. However, the domestic economy appears set to benefit from improved agricultural conditions, after a poor harvest in 2007.