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Oxford Business Group THE INSIDE EDGE
Presentation Title Date
LE MAROC: A L’ABRI DE LA CRISE
19 November2009 Skhirat, Morocco
Oxford Business Group THE INSIDE EDGE
Presentation Title Date
THE REPORT: MOROCCO 2009
Oxford Business Group THE INSIDE EDGE
Oxford Business Group THE INSIDE EDGE
Presentation Title Date
Continued growth in a time of financial crisis (Real GDP: 5.7% 2009)
Continuing diversification (Services growing to over 50% of GDP)
Nominal output of Dh689bn ranks Morocco 9th in the Arab world
Reduced unemployment (8% in Q2 2009, down from 9% in Q2 2008)
Exports slowed but falling imports narrowed deficit (35% drop in exports, 23% drop in imports)
Declining inflation (2.8%) Oxford Business Group THE INSIDE EDGE
A Story in Numbers
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Oxford Business Group THE INSIDE EDGE
Presentation Title Date
The crisis has shrunk activity in the EU, Morocco’s largest trading partner
The Kingdom’s budget deficit increased to 2.7%
Debt also grew to 56.8% of GDP
Remittances, the second largest foreign currency earner, continue to drop
Foreign investment has fallen from 2008
The economy’s primary sectors, including agriculture and fisheries, are cyclical
Low per capita GDP of $2738 Oxford Business Group THE INSIDE EDGE
Not Quite Perfect
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Oxford Business Group THE INSIDE EDGE
Presentation Title Date
Morocco has becomes more competitive as businesses look to outsource or offshore
No need for stimulus but streamlined fiscal and tax legislation have helped spur growth
A number of major development strategies highlight investment priorities
New infrastructure projects underscore transshipment opportunities towards both Europe and Africa
Improving business environment
Oxford Business Group THE INSIDE EDGE
Silver Lining
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Oxford Business Group THE INSIDE EDGE
Presentation Title Date
A final tally