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Morocco抯 Growth to Increase by 5.0% in 2015Thursday, October 22, 2015 > 10:40:19
(Morocco World News)
The British Research Institute Oxford Business Group (OBG), which is a global publishing, research and consultancy firm, that publishes economic intelligence on the markets of the MENA region, Asia and Latin America, released its 2015 report on Morocco.
The report highlighted Morocco’s growth potential in 2015. Taking into account its strategic position in Africa which enables it to benefit from strong ties to both Europe and the Arab world. Morocco possesses “the right ingredient for future growth: low inflation, political stability, an industrial base [all within] a favorable climate” according to the report.
With the improving economic situation for Morocco’s trade partners and the continuing fall of oil price – of which the country is a net importer – “most observers expect growth to be even stronger in 2015, with estimates ranging from 4.4% to 5.0%” the report underlined.