The Institute of International Finance (IIF) detailed, in a recent report, the national economic situation, with final positive remarks. According to the institution, Morocco will realize the highest growth in the region over the coming months, with a growing rate of 3.8% in 2014 and nearly 5% in 2015.
Several specific indicators were taken into account by the IIF, which stressed on the “brave reforms” taken by the government. According to the IIF study, the non-agricultural growth will rebound from 2.4% in 2013 to 4.7% in 2014. Also, the Moroccan monetary policy, qualified by the IIF as “prudent”, has kept inflation around 2% in 2013, despite the sharp rise in the fuel prices.
The IIF added that the Moroccan budget deficit has decreased from 7.3% of national GDP in 2012 to 5.5 % in 2013, and this will continue in 2014 to reach a deficit of only 5%, thanks to the ongoing de-compensation measures.
The Moroccan Times
