Economic growth in Morocco will be 5.5% in 2013 : OBG
The English economic think tank, the Oxford Business Group (OBG) reported that in 2013 that the Moroccan economic growth will be 5.5%.
Source : https://www.marocafrik.com/english/Economic-growth...
OBG argued that by its economic measures, albeit painful socially, including raising the price of petrol and diesel, has enabled the government of Abdelilah Benkirane, to preserve the budget of 188 billion dirhams, for public investment, considered one of the pillars of activity in Morocco.
Indeed, the brake given by the Government to the expenditure of the compensation fund, increasing fuel prices, helped keep the budget deficit under control, and to that extent, spared the government’s investment budget.
This strategic step, coupled with the US$ 1.5 billion bond issue has resulted in the consolidation of macroeconomic indicators, thus encouraging the OBG and before it the IMF and the rating agencies, which delivered good economic predictions for Morocco in the current and medium term.
OBG's report highlighted the poor performance of the Moroccan economy in 2012, blaming the euro crisis and poor agricultural season in 2013, it is estimated that agriculture will be a little better but emphasized the non-agricultural GDP, industry and services, supplied the bulk of its growth performance.
Industrial sectors will differ but the automotive and aeronautics sectors are achieving good results.
Indeed, the brake given by the Government to the expenditure of the compensation fund, increasing fuel prices, helped keep the budget deficit under control, and to that extent, spared the government’s investment budget.
This strategic step, coupled with the US$ 1.5 billion bond issue has resulted in the consolidation of macroeconomic indicators, thus encouraging the OBG and before it the IMF and the rating agencies, which delivered good economic predictions for Morocco in the current and medium term.
OBG's report highlighted the poor performance of the Moroccan economy in 2012, blaming the euro crisis and poor agricultural season in 2013, it is estimated that agriculture will be a little better but emphasized the non-agricultural GDP, industry and services, supplied the bulk of its growth performance.
Industrial sectors will differ but the automotive and aeronautics sectors are achieving good results.
Source : https://www.marocafrik.com/english/Economic-growth...