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Washington, October 26, 2011 (MAP)
Despite economic uncertainties in the MENA region, Morocco’s growth rate is expected to reach 4.6% in 2011 and a similar figure in 2012, according to the new Regional Economic Outlook of the International Monetary Fund (IMF) for the Middle East and Central Asia, published on Wednesday.
Unlike some countries in the region that see a decline in economic activity, countries such as Morocco, Afghanistan, Djibouti and Mauritania register robust growth, reported the same source.
Morocco’s growth rate will amount to 4.6% in 2011, when the overall growth of countries in the Middle East and North Africa will be up to 3.9% in 2011, the IMF said.
Although the region is seeing from the beginning of the year uncertainties and unprecedented economic pressures, economic activity in Morocco will increase in 2011, while in 2010 the growth rate was 3.7%.
Morocco’s growth continues its increase thanks to the rise in phosphates prices. The IMF also notes that the trend towards consolidating the Moroccan economy comes at a regional transformation.
