By Loubna Flah
By Loubna Flah
Morocco World News
Casablanca, August 8, 2012
The High Commission for Planning (HCP) revealed that the demand on national products will increase infinitesimally by the rate of 0, 3% for the second half of the year 2012 while it had increased by 0, 4 % in the first part of the year.
In a context marked by instability, the dynamics of international trade remains dawdling enhanced by the ripple effect of the Eurozone crisis.
The crisis in embattled European countries like Spain and Greece resulted in a sharp decrease in imports which had its own repercussions with Europe trading partners including Morocco.
According to the Moroccan daily Al Massae, the High Commission for Planning predicted that the world trade will increase only by 1,3% in the third part of the year.
Trade among emerging powers and the expected rise in US and Japan imports are susceptible to instill a new dynamics in the world trade.
The HCP report predicts a slight increase in the demand for Moroccan products by 1, 3 %.
Nevertheless, the exports are expected to decrease by 1,7% in response to a lower demand for equipment products like cables and electronic wires in addition to a lower demand for raw materials like Moroccan Phosphates.
On the other hand, demands on Moroccan textile and food industry products are expected to accrue. Morocco is also expected to import less except for sugar and crops.
All the above mentioned data suggests that the trade deficit is expected to decrease slightly with the feeble decrease in imports and the slight increase in exports.
These feeble fluctuations reveal the mood of instability that prevails currently in the international markets and Morocco is no exception.
The Cherifian Kingdom is likely to be affected by the Eurozone crisis since 75% of its s exports goes to Europe.