Magharebia

Morocco’s GDP growth rate is expected to reach 7% this year due to the fast pace of economic activity, Morocco’s central bank Bank Al-Maghrib announced on Tuesday (December 19th). The strong economic growth is ascribed mainly to a dynamic domestic demand, the Bank board of directors underlined at its quarterly meeting, noting that it reflects growth of non-agricultural sectors. Production factors and the upsurge of oil prices on the international market, as well as the substantial surpluses of liquidity that are expected to rise in 2007, indicate a persistence of the inflationary risks in the short run. (MAP)