Morocco’s economic growth will be “low” in 2012 and is forecast to be around 3%, according to the Moroccan Juncture Centre (known by its French acronym CMC).
This is attributed to external factors, particularly the debt crisis rocking the Euro zone, and the economic, financial and social difficulties in countries such as France and Spain, said the president of the centre, Habib El Malki, who presented, Wednesday in Casablanca, the growth outlook for 2012-2013.
It is also due to slackening domestic demand and the weak crop year, he said.
El Malki stressed the need to reconsider the economic growth model followed by Morocco over 15 years now, in order to speed up the pace of economic growth and to reinforce social cohesion.
For 2013, the centre points out that considering the estimates of the global situation and assuming the return of more favourable climate conditions, the Moroccan economy may restore growth in 2013 with an estimated rate of 4.1%.
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