Moroccan GDP to reach 2.8 percent growth in 2005
Morocco, Economics, 4/9/2005

The growth rate of the Moroccan real gross domestic product is expected to reach 2.8 percent based on an added value of the agricultural output, which, however, is expected to decrease 1.4 percent.

Excluding the agricultural output, the GDP growth rate will record an increase of 3.6 percent, according to figures released by the Moroccan Central Bank (Bank Al-Maghrib).

The GDP growth will ensure an appropriate funding of the country's economy, while limiting inflation to 2 percent.

The Central Bank also expects the monetary reference value to range between 6.5 and 7.5 percent, which could entail a liquidity reduction amounting to MAD 4.5 billion, about 450 million euros, by the end of 2005. The liquidity reduction is based on the possible reinforcement of net external assets, which could reach MAD 10 billion, and on the increase of credits to MAD 23 billion.

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