Morocco experiences economic growth
Morocco has experienced further economic growth during the last year, according to official figures.
Data from the High Commissariat for Planning (HCP) showed that during the last quarter of 2007, the country's GDP rose by 2.1 per cent.
However, the figures cited by Magharebia.com showed that this was lower than the rate of increase recorded during the corresponding period of 2006.
This was mainly attributed to global problems such as rising oil prices, although the overall trend in Morocco's economy is still one of sustained economic growth.
Figures from HCP also showed that country's unemployment rate remained steady at 10%, while inflation was found to have dropped to 2% from 3.3% last year.
The data should prove to be of interest to prospective investors in the Moroccan property market, as the country's economic performance could be a factor for buyers to take into account.
Advice website BuyAssociation recently predicted that the country would be a hotspot of activity for British property buyers during 2008.
< Back to latest news