|
Moroccan economic growth rate to double
Morocco, Economics, 12/26/1997
There are numerous indications that the Moroccan economy will witness better growth rate next year as the Moroccan government attempts to sell more public-sector companies.
The Moroccan economy is expected to achieve a growth rate between 6% and 7% during the coming year if agricultural output meets targeted figures which are expected to double.
The Moroccan economy achieved a growth rate of 3% last year. The initial evaluation of the performance of the Moroccan sectors showed that most of them achieved record growth rates. The energy sector improved by 21% during the first nine months of the current year. The tourist sector improved by 10.3% according to figures from the Moroccan Ministry of Finance.
Experts believe Moroccan exports will equal 75% of the imports leaving a trade deficit of 25%. The Moroccan Central Bank recorded a 10.8% increase in loans to all sectors, indicating an expansion in most sectors of the economy. This increase is concurrent with an increase in the volume of investments which was about $1 billion.
Previous Stories:
Moroccan debts to Spain will be used as investments
(12/26/1997)
Moroccan-French cooperation in the electricity field
(12/24/1997)
Morocco allocates 3 billion for fishing sector
(12/10/1997)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info


|