São Paulo – The Moroccan economy should grow by 4% this year thanks to the expansion of domestic agriculture. The information was supplied this week by the minister of Economy and Finance, Salaheddine Mezouar, during a presentation given to the Finance and Economic Development Commission of the Moroccan Chamber of Representatives, according to the Maghreb Arabe Presse (MAP) agency.
According to Mezouar, the Moroccan economy performed well in the early months of 2010. The minister claimed, however, that the international scenario is delicate and should remain so until 2011, marked by the declining growth rate of Morocco’s economic partners, the adoption of strict policies worldwide, and fluctuating commodity prices.
The Moroccan inflation rate should be 2% this year, according to the minister, whereas the average price of the oil barrel should be US$ 78.5, and the average price of one tonne of gas should be US$ 670. According to him, mid-term crisis management is still necessary.
The Moroccan government is carrying out its Finance Act, which provides for a series of measures to stimulate the economy. The strategies include continuing public sector investment efforts, structural reforms, support to sectors for diversifying the country’s sources of resources, facilitating private investment, attracting foreign investment, diversifying markets and supporting regional growth.
*Translated by Gabriel Pomerancblum
