See also:
» 16.11.2009 - Lower levies on trade – federation official calls
» 20.10.2009 - DRC and Morocco elected to new forest financing programme
» 21.09.2009 - Rescuers abandon search for survivors
» 18.09.2009 - Competition in Morocco's telecom market increasing
» 07.07.2009 - Morocco signs €155 million loan agreement with France
» 10.06.2009 - Morocco invests $37.3 million in tourism
» 12.05.2009 - Morocco records 5.4% economic growth in 2009
» 01.04.2009 - Morocco to modernise its educational system

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Economy - Development

Morocco expects 5.3% economic growth in 2009

afrol News, 26 June - Morocco has announced an economic growth forecast of 5.3 percent in 2009 and another 2.4 percent for 2010, though saying the figures would also depend on the results of the agricultural season in 2009.

According to a release issued in Rabat by the High Commissariat for Planning (ACP), which cited non-farm activities in 2009 the economy will experience an increase of 2.3 percent, the lowest in the last decade.

The statement said that the growth of Gross Domestic Product (GDP) will be maintained by internal demand, which despite its slowdown, will grow 5.9 percent in 2009, compared to 10 percent increase the previous year.

It further stated that in 2010 it is anticipated that domestic demand is set at 3.1 percent and contribution to economic growth will go from 6.7 points in 2009 to 3.4 in 2010.

The ACP noted that the expected improvement of 0.6 percent of world trade is reflected in the foreign demand led to Morocco, where it expects it to grow in 2010 by 2 percent, compared with the fall of 7 percent that will be seen for 2009.

Also calculated in the same way is the income from tourism and remittances from Moroccans abroad in 2010 which will appreciate, with an 18 and 15 percent respectively.

The Moroccan government earlier this month set aside $37.3 million to reduce the impact of the global economic crisis on the country’s tourism sector. The funding is expected to promote Morocco as a tourist destination and develop tourist air links in the country.

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