Moroccan authorities hope that the 6.1 percent growth rate, anticipated for the year 2002, will mark the beginning of a continued growth trend. The figure was calculated by the Centre Marocain de Conjoncture (CMC), based on marked financial trends of the current year.
CMC attributed the expected upswing primarily to two government programs. The first, a $652-million project dealing with the nation’s drought crisis, and the second — a $609-million program aimed at boosting the national economy, financed by the Hassan II fund.
The kingdom’s trade deficit is predicted to drop in 2002, due to an anticipated increase in agricultural and phosphate related exports, expected to reach 7.8 percent that year. — (MENA Report)
© 2001 Mena Report (www.menareport.com)
