Zawya
London – Arabia Monitor’s Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective and drawing conclusions relevant to businesses and investors. In this issue, we explore the consequences on the Moroccan economy resulting from a successful mobilization of USD 1.5B on the international markets.
The successful mobilization of USD 1.5B on the international markets, though within the context of the global “hunt for yield” across the emerging markets’ fixed-income space, is likely to enhance confidence in the Moroccan economy, and strengthen the hand of the government amidst difficult budget negotiations.The current account deficit in 2012 is estimated at ~8% GDP, but some factors allow us to remain relatively optimistic about the economy’s prospects.
Authorities have built their growth strategy around promoting Morocco as an open, investor-friendly hub to the Maghreb, the GCC, and Francophone West Africa.
Arabia Monitor is an independent research firm specialized in economic and market studies on the Middle East & North African region, which we view as the new emerging market. Our forward looking perspective allows us to place current developments in the region within a broader context and a long-term view. Our analysis is based on the macroeconomic and financial balance sheet of the Arab region and delivers unique strategy insights and forecasts to businesses across sectors.
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