Morocco's GDP 'under-evaluated', official

Morocco's Gross Domestic Product (GDP) is "under-evaluated" because informal economy is not included in accounting, said the Vice President of the Federation of Small and Medium-Sized Enterprises.

In an interview with the Moroccan daily "Aujourd'hui le Maroc," Abdelmalek Kettani ascribed the weakness of Morocco's GDP, compared to other non-oil producing countries, to "the importance of different informal markets which generate huge monies that skip the national accounting system."

According to Kettani, settling the problem requires the gradual dismantling of this economy, which will not only clear up the vision, but also encourage investment in some fields weakened by smuggling.