(ANSAMed) - RABAT, JULY 12 - Morocco will post weak 3% growth in
2012, mainly on external factors such as the economic troubles
of France and Spain, its main European trading partners,
according to a new report released in Casablanca today by the
Centre Marocain de Conjoncture (CMC), a private economic
observatory.
Internal causes are a slowdown in demand and bad harvests this
year, in a country whose economy relies heavily on agriculture.
''Morocco must revisit its development model of the past 15 years,'' CMC President Habib El Malki said. Fractionalized development and liberalization are giving signs of throttling the economy, El Malki said, suggesting a new model to bring growth with social cohesion.
''We must lay the foundation for a new, more inclusive model that will increase the internal market and demand, and make public investments more productive and efficient,'' El Malki said. He also called for a more equal taxation system, that would fuel the middle class, and for a more coherent development strategy in health care, housing, education, and work.
Keeping the eurozone crisis in mind, and if weather conditions improve, next year's GDP should increase by 4.1%, the CMC said.
(ANSAMed).
''Morocco must revisit its development model of the past 15 years,'' CMC President Habib El Malki said. Fractionalized development and liberalization are giving signs of throttling the economy, El Malki said, suggesting a new model to bring growth with social cohesion.
''We must lay the foundation for a new, more inclusive model that will increase the internal market and demand, and make public investments more productive and efficient,'' El Malki said. He also called for a more equal taxation system, that would fuel the middle class, and for a more coherent development strategy in health care, housing, education, and work.
Keeping the eurozone crisis in mind, and if weather conditions improve, next year's GDP should increase by 4.1%, the CMC said.
(ANSAMed).
