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1999 growth and inflation declined, investments on the rise
Morocco, Economics, 1/6/2000
The year 1999 recorded growth and inflation ratios below 1%, while investment soared 23.7% and the budget deficit stood at 2.3%, said economy and finance minister Fathallah Oualalou.
The minister told economists probing Wednesday "the economic juncture and investment enhancement" that the slump in growth is mainly accounted for by a 16% decline in agricultural production.
Counting out agriculture, he said, the growth rate was 3.3% because of several sectors picking up such as tourism, the automobile industry, electric and electronic appliances, cardboard, agrobusiness and construction. Textiles and mining slowed down.
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