Morocco: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 141
Publication date: May 2003
ISBN: 9781451824704
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , International - Economics , ISCR , CR , government , government debt-to-GDP ratio , government support , debt-to-GDP , exchange rate , reform agenda , government share , government entity , central bank , authorities' effort , Fiscal stance , Tariffs , Maghreb , Global
Summary
This 2003 Article IV Consultation highlights that Morocco’s growth performance over the last decade has not been strong enough to reduce poverty. Growth has also been volatile because of the impact of recurrent drought conditions on agricultural output. Economic conditions improved in 2002 despite a less favorable international environment, which was marked by a decline in tourism and external demand. Real GDP growth reached 4.5 percent reflecting a further rise in agricultural output and somewhat higher growth in the nonagricultural sectors.
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