Moroccan economic growth rate to double

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.