Fitch Ratings Agency confirmed that Morocco has retained its Investment Grade. According to Fitch “this can be considered as a result of the government’s commitment to structural reforms, while maintaining a relatively high growth”.
Fitch Rating reiterated that the Moroccan GDP growth in 2013 increased to 4.8%, thanks to the good agricultural year. For 2014, the Agency expects a growth rate of around 4%, as non-agricultural sectors are supposed to perform better than before, and because of the euro zone’s gradual recovery as well as since the domestic demand is growing higher.
The agency noted also that “the budget deficit has been brought down to 5.4%, because of the continuous reforming of the Compensation Fund”.
The Moroccan Times
