Morocco's GDP growth to reach 7%
2006-12-20
Morocco’s GDP growth rate is expected to reach 7% this year due to the fast pace of economic activity, Morocco’s central bank Bank Al-Maghrib announced on Tuesday (December 19th). The strong economic growth is ascribed mainly to a dynamic domestic demand, the Bank board of directors underlined at its quarterly meeting, noting that it reflects growth of non-agricultural sectors. Production factors and the upsurge of oil prices on the international market, as well as the substantial surpluses of liquidity that are expected to rise in 2007, indicate a persistence of the inflationary risks in the short run. (MAP)
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