Morocco's GDP forecast downgraded
2007-02-02
Morocco’s statistical institute (HCP) announced that expected economic growth for 2007 is 3%, downgrading its previous expectations of 3.6% due to a poorer agricultural harvest affected by drought, MAP reported on Thursday (February 1st). The forecast is based on a medium crop year and inflation of 1.5% in 2007 compared to 2006. HCP foresees strengthening of non-agricultural sectors by 5.5%, up from 5.2% in 2006. Given the poor forecasted agricultural harvest for 2007 and expectations of an increase in crude oil prices on international markets, inflation is more likely to remain in the 3-4% range, which will further depress real economic growth. (MAP, HCP)
This content was commissioned for Magharebia.com.
Loading
Email to a friend
Print version
We welcome your comments on Magharebia's articles.
It is our hope that you will use this forum to interact with other readers across the Maghreb. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While Magharebia.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. Magharebia.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.
Magharebia's Comments Policy