Oxford Economic Country Briefings, April 23rd, 2007
Highlights and Key Issues
* Economic reforms and liberalisation over the past ten years have reduced dependence upon agriculture and boosted industry and services, attracting FDI and strengthening government finances and the balance of payments. These gains have brought the prospect of an investment grade credit rating closer, with Standard & Poor's last month raising the outlook on Morocco's BB+ longterm foreign currency rating to positive.
* The policy improvements are showing through in increased resilience to drought. Despite an expected halving of the cereal harvest, GDP should stil...
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