Tuesday, July 29, 2008
Mauritius, Botswana and perhaps South Africa could be soon be joined by a relatively well-performer- Morocco!
Despite having no crude oil deposits, the Moroccan economy seems to be defying all the odds against the global economy.
The economy has since 2001 seen tremendous growth in the area of investment from 26 per cent to 32 per cent this year. Unemployment is down to 10 per cent from 14 per cent. Inflation was targeted at 2.2% by the end of the year, but central bank figures show it is headed for 2.8%.