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The Fiscal Outlook In Morocco

According to the IMF: fiscal consolidation efforts of recent years—which brought the budget close to balance in 2007 (from 2% of GDP in 2006) have provided the fiscal space in the short term to absorb...

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Economic Growth Outlook

The king, Mohammed VI is facing numerous challenges such as poverty, unemployment, inflation and concerns arising from non inclusion of the Parti de la justice et du développement (PJD) in the...

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The Changing Face Of Moroccan Politics

Morocco's Islamist-leaning Parti de la justice et du développement (PJD), the second-largest party in parliament, has elected a new leader following a party congress attended by many of the country's...

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Morocco To Benefit From Spains Slowdown?

Slowing European Union economies could damage the exports Morocco needs to offset a soaring fuel import bill, but the north African country sees opportunities as well as risks, a government minister...

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Morocco To Buck The Trend In Global Downturn?

Morocco’s economy is in good shape despite soaring oil prices and international financial instability, Economy and Finance Minister Salaheddine Mezouar told business leaders July 22nd in...

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Morocco H1 Trade Gap

Morocco's trade deficit soared 72 percent in the first half of 2008 as costly fuel and grain imports outweighed higher selling prices for exported phosphates, the Exchange Office said on Wednesday.The...

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Moroccco Q2 Unemployment Falls To 9.1%

Moroccan unemployment fell to 9.1 percent in the second quarter from 9.6 percent in the first as construction and services soaked up more available labour, the state High Planning Commission said on...

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Morocco Cements Its Future

The expansion of Morocco's cement industry seems likely to be sustained over the medium-term, driven by growing demand from the construction sector. Despite some worries over the economic outlook,...

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Morocco tops Maghreb region in remittances

Moroccan officials have heralded a significant increase in the amount of money Moroccan expatriates are sending home. Government efforts are underway to encourage Moroccans living abroad to increase...

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Morrocan Financial Market Improvements

Recent Developments:Morocco has begun to relax restrictions on transferring money abroad which were imposed following an earlier flight of capital in the wake of a wave of bad debts which hit the...

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Moroccan Inflation Rises Again In July

Moroccan consumer price inflation rose to a year-on-year 5.1 percent in July from 4.7 percent in June, official figures showed on Monday. The annual inflation rate was 5.4 percent in May. Food costs,...

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Moroccan Unemployment Falls in Q2 2008

Morocco's unemployment rate, long a cause for concern, has been dropping steadily this year, on the back of job growth in services and construction. Further institutional reforms to bolster...

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Does Morocco's Inflation Surge Put Rate Rises On The Agenda?

Moroccan consumer price inflation rose to a year-on-year of 5.1% in July 2008 from 4.7%percent in June. Such a rise has been prompted by rising food costs due to soaring world commodity prices. The...

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Morocco Central Bank Raises Interest Rates

Morocco's central bank raised its benchmark interest rate by quarter of a point today as a response to continuing high inflation. The overnight rate was raised to 3.5 percent from 3.25 percent, the...

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