Morocco expects strong GDP growth next year
The Moroccan government has recently outlined its budget for next year. Reuteurs reported that according to the draft budget, Morocco’s economic growth is expected to be three times faster in 2006 as the kingdom continues its reform drive.
Morocco's Finance and Privatization Minister Fathallah Oulalou said he forecast gross domestic product (GDP) growth of 5.4 per cent in 2006, despite soaring imported oil prices and uncertainty about the current farming season. Oulalou added that in 2005, continuing reforms, which expanded the role of the private sector and opened up it to foreign investors and competition, had made the economy resilient.